2/12/2018 Group Watch: Gov. Aids Economic Development
A bill that allows county commissions the flexibility to give abatements on all or portions of county ad valorem taxes due on properties was signed into law by Governor Ivey last week. Putting this power in the hands of local officials should help economic development projects, and the properties have to meet certain criteria: they must be used for a project that qualifies for economic incentives under the Alabama Jobs Act, and the project must include more than $50 million in investment.
