The Alabama Legislature adjourned sine die on June 6 and concluded a productive session for tax and incentive bills. A few of the notable measures include the renewal of and enhancements to the Alabama Jobs Act and Growing Alabama Credit, creation of the Innovate Alabama Tax Credit program, increases in the credit cap under the Alabama Accountability Act, and increased transparency under the Jobs Act.  

In addition, a few notable bills that crossed the finish line during the last week of the session are summarized below:

• H.B. 217 will exempt overtime wages from Alabama income tax
• H.B. 292 will establish a simplified procedure for contractors to purchase materials on behalf of statutorily tax-exempt owners
• H.B. 253 improves and provides additional allocation for Alabama’s Historic Rehabilitation Tax Credit Program

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