HB 241 Alabama House · 2023 Regular Session

Relating to the Alabama Jobs Act and the Growing Alabama Act; to amend Sections 40-18-370, 40-18-372, 40-18-374, 40-18-375, 40-18-376, 40-18-376.1, 40-18-376.2, 40-18-376.3, 40-18-376.4, 40-18-377, 40-18-378, 40-18-382, 40-18-383, 40-18-417.1, 40-18-417.2, 40-18-417.3, 40-18-417.4, 40-18-417.7, and 40-9B-4.1, Code of Alabama 1975, to extend the Alabama Jobs Act sunset date to July 31, 2028; to increase the annualized cap on outstanding Alabama Jobs Act incentives by twenty-five million dollars each year for five years up to four hundred seventy-five million dollars; to increase the investment tax credit transfer time to provide that the first five years of the investment credit may be transferred by the incentivized company and applied by another person or company under the Alabama Jobs Act; to extend the Growing Alabama Act sunset date to July 31, 2028, to increase the annual cap on funding approved pursuant to the Growing Alabama Act to thirty-five million dollars; to remove certain programs from the Growing Alabama Act for the transfer to Innovate Alabama.

Summary
Taxation and revenue, Enhancing Economic Progress Act enacted, Alabama Jobs Act and Growing Alabama Act incentives extended, annual cap increased
Bill status signed 4 of 5 stages cleared
Introduction
Apr 2023
Committee Review
Apr 2023
House Passage
Apr 2023
Senate Failed
Apr 2023
Signed into Law
Apr 2023
Introduced Apr 4, 2023 Signed Apr 20, 2023
Floor votes · Senate Apr 20, 2023 · House Apr 13, 2023

How they voted

286
Failed
Total votes 34
Apr 20, 2023
D Democratic8
7 Yea 1 Nay
87% Yea
R Republican26
21 Yea 5 Nay
80% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
20
Key actions
6
Committee
5
Apr 20, 2023
Upper · Passed
Read a Third Time and Pass
upper
Apr 19, 2023
Upper · Passed
Reported Out of Committee in Second House
upper
Apr 19, 2023
Upper · Passed
Reported Favorably (Finance and Taxation Education)
upper
Apr 13, 2023
Committee
Referred to Committee (Finance and Taxation Education)
upper
Apr 13, 2023
Lower · Passed
Read a Third Time and Pass
lower
Apr 12, 2023
Lower · Passed
Reported Out of Committee in House of Origin
lower
Apr 12, 2023
Lower · Passed
Reported Favorably (Ways and Means Education)
lower
Apr 4, 2023
Introduced
Introduced and Referred (Ways and Means Education)
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Danny Garrett
Danny Garrett
RRepublican
AL
44