Growing Alabama Act amended to allow sites owned by more than one local economic development organization to qualify
What changed between versions
Added 'state economic development organization' as an eligible applicant for Growing Alabama tax credits, expanding the pool of organizations that can apply for funding.
Added a new category for site improvements in low-income communities as a qualifying use for funding.
Added specific definitions for 'inland port' and 'intermodal facility' to clarify which sites qualify for the program.
Updated the definition of 'site' to explicitly include property owned by multiple local economic development organizations.
Added a requirement that applications for capital improvements at inland ports or intermodal facilities must include an economic impact report.
Corrected formatting errors and merged fragmented text from the introduction stage into the final enrolled version.