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Alabama Small Business Victories

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  • NFIB/Alabama Legislative Victories
    • Repayment plan for the $437 million borrowed from the Alabama Trust Fund transferred to the General Fund budget for ongoing expenditures
    • “Red Tape Reduction Act” will require state agencies to perform a fiscal impact on the costs to a small business for implementation of a new rule or regulation. Also requires state agencies to review existing rules and regulations every five years and eliminate those not needed
    • Conformity legislation with the U.S. Dept. of Labor and avoids a potential $800 million tax increase for Alabama employers for the payment of unemployment taxes
    • Create a state-run tax credit program for historic property renovations. Developers will be able to claim up to a $5 million state income tax credit to revamp qualifying historic residential and commercial buildings
    • 21st Century Workforce Act would provide $50 million in funds to buy equipment for established and new career tech programs to prepare students for current technical/trade careers
    • Improves the current irrigation tax credit law to allow a farmer to extend the tax liability for up to five years, clarifies who receives the credit when there is more than one owner of the farm and allows withdrawal from a river from 10,000 cubic feet per second to 8,000 cubic feet per second without a negative environmental impact
    • Transferred the Alabama Industrial Development and Training Institute (AIDT) to the Alabama Department of Commerce. AIDT provides quality work force training for new and expanding businesses
    • “Transparency in Private Attorney Contracts” will require any state entity seeking to enter into a contingency fee contract with a private attorney to make a determination that such representation is both cost-effective and in the public interest. If an outside attorney is retained, a government attorney retains complete control over the litigation.
    • Stopped all tax increases
    • Stopped all health-care mandates

    Updated June 21, 2013

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    Alabama

    ADDRESS:
    7550 Halcyon Summit Drive, Suite 115
    Montgomery, AL
    36117

    PHONE:
    334-264-2261

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