SB 240 Alabama Senate · 2023 Regular Session

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.

Summary
Taxation, increased the amount of tax credits the Alabama Historical Commission may reserve each year and provided for additional rehabilitation credit allocations - SUB - HB253
Bill status introduced 1 of 4 stages cleared
Introduction
Apr 2023
Committee Review
Floor Vote
Governor
Introduced Apr 25, 2023 Last action Apr 25, 2023
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
0
Apr 25, 2023
Introduced
Introduced and Referred (Finance and Taxation Education)
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Bobby Singleton
Bobby Singleton
DDemocratic
AL
24