{"id":2200,"date":"2023-04-14T00:00:00","date_gmt":"2023-04-14T00:00:00","guid":{"rendered":"https:\/\/gatebizglobal.com\/alabama-lawmakers-advance-economic-development-bills-package\/"},"modified":"2023-04-14T00:00:00","modified_gmt":"2023-04-14T00:00:00","slug":"alabama-lawmakers-advance-economic-development-bills-package","status":"publish","type":"post","link":"https:\/\/gatebizglobal.com\/alabama-lawmakers-advance-economic-development-bills-package\/","title":{"rendered":"Alabama lawmakers advance economic development bills package"},"content":{"rendered":"
Alabama lawmakers<\/a> advanced Thursday a package of economic development bills that would renew and expand the tax breaks and other incentive programs the state uses to lure industries.<\/p>\n The Alabama House of Representatives approved the four-bill package that Republican Gov. Kay Ivey<\/a> dubbed “the game plan” for economic development. The bills now move to the Alabama Senate where a vote is expected next week. The bills were approved without a dissenting vote.<\/p>\n The centerpiece of the package is a bill that reauthorizes and expands the Alabama Jobs Act, which gives tax credits for capital investments and cash rebates for job creation. The program is the state’s primary economic recruitment tool and will expire this year unless renewed. The legislation authorizes the program for another five years, and incrementally increases the cap on incentives from $350 million for 2022 to $475 million for 2027. Ivey\u2019s office has said the increase is needed to keep the state competitive for large projects.<\/p>\n Republican Rep. Danny Garrett<\/a>, the sponsor of the bill, said it is critical lawmakers continue the program along with companion bills that increase resources for site development.<\/p>\n ALABAMA HOUSE COMMITTEE AIMS TO BAN TRANSGENDER WOMEN FROM FEMALE COLLEGE SPORTS TEAMS<\/strong><\/a><\/p>\n Lawmakers in Alabama advanced a package of economic development bills aiming to expand the Alabama Jobs Act.<\/span> <\/p>\n <\/p>\n