Changes the deadline for submission of reports by agencies which administer certain tax incentives and authorizes electronic submission of such reports (EG INCREASE GF EX See Note)
Provides for changes to reporting requirements of the Department of Economic Development and the Economic Development Corporation (EN NO IMPACT GF EX See Note)
Relating to economic tax incentives; to amend Section 40-1-50, Code of Alabama 1975; to change the reporting date requirements of state agencies which administer economic tax incentives; to align committee schedules to review state agency reports; to establish sunset dates for tax incentive programs; to establish future sunset dates for extended tax incentive programs; and to provide required guidelines for all new incentive legislation.
Relative to TOPS, specifies circumstances under which an award applicant's ACT/SAT test score can be submitted to and considered by the program's administering agency after statutorily established submission deadlines (EN SEE FISC NOTE GF EX See Note)