Alabama’s New “Jobs” Law: Two Steps Backward For Property Rights
Posted on Apr 3, 2013 in News & Events
Last month Alabama Governor Robert Bentley signed into law SB96, titled the “Major 21st Century Manufacturing Zone Act.” The law allows any Alabama city to create a “manufacturing” tax increment financing, or TIF, zone for a number of industries including automotive, aviation, medical, pharmaceutical, semiconductor, computer, electronics, energy conservation, cyber technology and biomedical but requires any municipality wishing to create a TIF zone under the law to invest at least $100 million on a site larger than 250 contiguous acres.
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