Alabama Senate Bill 240 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on April 25 2023 - 25% progression, died in committee
Action: 2023-04-25 - Introduced and Referred to Senate Finance and Taxation Education
Pending: Senate Finance and Taxation Education Committee
Text: Latest bill text (Introduced) [PDF]

Relating to taxation; to amend Sections 40-9F-31, 40-9F-33, and 40-9F-38, Code of Alabama 1975, to increase the amount of tax credits that may be provided in a tax year; to allow rehabilitation credits to be tied to the year in which the reservation is allocated; to provide for additional rehabilitation credit allocations; to further provide for the membership of the Historic Tax Credit Evaluating Committee and the factors considered by the committee; and to make nonsubstantive, technical revisions to update the existing code language to current style.

Relating to taxation; to amend Sections 40-9F-31, 40-9F-33, and 40-9F-38, Code of Alabama 1975, to increase the amount of tax credits that may be provided in a tax year; to allow rehabilitation credits to be tied to the year in which the reservation is allocated; to provide for additional rehabilitation credit allocations; to further provide for the membership of the Historic Tax Credit Evaluating Committee and the factors considered by the committee; and to make nonsubstantive, technical revisions to update the existing code language to current style.

Sen. Bobby Singleton [D]

Date	Chamber	Action
2023-04-25	Senate	Introduced and Referred to Senate Finance and Taxation Education
2023-04-25	Senate	Read First Time in House of Origin

Type	Source
Summary	https://alison.legislature.state.al.us/bill-search
Text	https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2023RS/SB240-int.pdf