ICYMI: Supporters said the legislation is needed to allow the state to compete for economic development projects.
MONTGOMERY, Ala. — Gov. Kay Ivey signed a package of economic development incentives into law Thursday afternoon, reauthorizing and expanding tax breaks for attracting new industries only hours after lawmakers gave the legislation final approval.
Supporters said the legislation is needed to allow the state to compete for economic development projects, but some lawmakers questioned the cost and need for newly created incentives for tourism projects. Senate President Pro Tem Greg Reed said the approval will “continue building on our success and providing more, higher-paying jobs to the citizens of our state.”
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