|
The Alabama Legislature convenes in Montgomery TODAY! The length of the regular session is limited to 30 meeting days within a period of 105 calendar days. Leaders hope to adjourn as early as mid-May.
Job creation will take center stage in the 2012 legislative session. Leadership in both houses and on both sides of the aisle recognize the severity of our economic crisis and have made economic development THE top priority.
Tax Incentives to Recruit and Retain Jobs
This constitutional amendment would give the Alabama Development Office (ADO) and the Governor more flexibility in offering tax incentives to land major economic development projects and retain those companies that might otherwise relocate outside Alabama.
"Made in Alabama" Job Incentives Act
Recommended by the Speaker's Commission on Job Creation and passed into law in the 2011 Regular Session, this measure allows the state to offer temporary state income tax incentives to offset build-up phase tariff costs for international companies bringing jobs to the state. Currently, the Alabama Education Association (AEA) is suing to block the law. Legislative leaders plan to remove AEA's technical argument and pass the law again.
"Heroes for Hire" - Tax Incentives for Hiring Veterans Returning from War
This proposal would offer Alabama businesses a $1000-$2000 tax credit for hiring a veteran recently returned from war.
Data Processing Center Economic Incentive Enhancement
This proposal would expand the scope of certain tax incentives in order to focus on recruiting more data processing centers to Alabama.
Legislation Establishing a Small Business Financing Authority
Recommended by the Speaker's Commission on Job Creation, this authority would assist small businesses with financing issues by making direct loans, helping small businesses attract more banking partners, and meeting a variety of credit-related needs.
Creation of the Alabama Sales, Use, and Lease Tax Simplification Task Force
The Alabama Sales, Use and Lease Tax Simplification Task Force would be a twenty-member panel required to study the issue of streamlining and simplifying the administration and remittance of sales, use, and lease taxes.
|