Alabama SB 299: Relating to the Coal Production Tax Credit; to amend Section 40-18-220, Code of Alabama 1975, to allow the credit to be claimed against both income and utility services taxes; to allow the credits to be earned by all persons that increase their production of coal mined in Alabama from the prior year; to allow any unused credits to be carried forward for no more than five years;

Status: Enacted as 2023-546 (as of 2023-06-14)

State: Alabama · Session: 2023rs · Bill: SB 299

Subjects: Relating to economic tax incentives

Sponsors: Arthur Orr

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