to renew and expand the tax incentives the state uses to recruit industry, won approval today in an Alabama House of Representatives committee.
“Eight years is a long time in the economic development world,” Garrett said. “So many things have changed. Our economy has changed. What other states are doing has changed.” HB241 would increase the spending cap of the Growing Alabama Act from $20 million to $35 million. The Growing Alabama Act provides tax credits for donations to economic development organizations to help with site development. Garrett said competing states, including Tennessee, Kentucky, and Virginia, are ramping up their investments.
HB247, sponsored by House Minority Leader Anthony Daniels, D-Huntsville, would create the Innovating Alabama tax credit program. Alabama taxpayers would be able to claim up to $25 million a year in tax credits for contributions to economic development organizations for investments in technology companies.
Oh boy, more shitty factories that pay like shit and employ children
The only reason these bill's have broad bipartisan Support is because Kay Ivey has given broad bipartisan Support in their Pockets I bet if people investigated they would find those that supporting the Bills with Extra money in there accounts where Kay Ivey Paid for support
Tax incentives may be enough to recruit companies to Alabama. But that won’t attract the talent needed to staff those companies in a state that has regressive taxes on food; makes it hard to vote; has shitty schools; football is the only religion & gun rights outweigh everything
Trickle down economics. Awesome.