The Alabama House has approved a package of economic development bills that would renew and expand the tax breaks and other incentives the state uses to lure industries. alnews alpolitics wakanews
Thursday, the House approved the four-bill package that Gov. Kay Ivey 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.
Republican Rep. Danny Garrett, the sponsor of the bill, said it is critical lawmakers continue the program along with companion bills that increase resources for site development. Alabama and other southern states have used large incentive packages, where state and local governments often work together to provide land, infrastructure work, worker training, tax breaks and rebates to lure industries. In 1993, Alabama used a $253 million incentive package to bring Mercedes-Benz to the state and has since used multiple large incentive packages to entice auto manufacturers and other industries.
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