Rise to the Moment of Truth Friday, June 9, 2023

Tag: ALABAMA JOBS ACT

Alabama Senate Ainsworth Alabama News
Senate passes two economic incentive bills — Ivey’s 'Game Plan' facing zero opposition in Statehouse thus far

The Alabama Senate voted in favor of two bills on Thursday that, if passed, will expand special privileges and tax abatements for specific corporations in the state but also impose transparency requirements on certain economic incentives.

Gov. Kay Ivey State of the State. Alabama News
Ivey details proposed bills in ‘Game Plan’ to expand tax abatements, government funds for specific corporations

On Monday, Alabama Gov. Kay Ivey revealed more details of her economic incentive “Game Plan,” specifying the actions she wants the Legislature to take this spring.

Orr Alabama News
State Sen. Orr: 'I'd love to see some kind of federal prohibition on states or even local governments giving out incentives'

Everybody else does it, so we have to. Basically, that is what Republican lawmakers have told constituents about the state's use of economic incentives, which they will readily acknowledge in theory, is a gross violation of free market economics.

BCA Alabama News
Business Council of Alabama vows to continue push for economic incentives in four-year plan

The Business Council of Alabama announced its new four-year “Renew Alabama” plan last week, promising to continue lobbying the state legislature to keep offering payments and tax credits to select private businesses.

Tax credits Alabama News
Dr. Daniel Sutter: Business incentives and Alabama jobs

The state legislature will take up reauthorization of the Alabama Jobs Act next session. The reauthorization affords an opportunity to consider economic and ethical questions raised by targeted incentives for businesses.

Hyundai Alabama Alabama News
Lawmakers reluctant to support removing Alabama Jobs Act economic incentives cap

The Alabama Jobs act has been in the spotlight since proposals to remove the caps on the tax credit incentives provided for corporations who decide to set up shop in the state.