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Alabama HB59

Economic development, tax incentives for reinvestment in existing business, abatement of noneducational ad valorem taxes and sales and use taxes, time period of ad valorem tax abatement extended to 20 years, AIDT to perform training, utility taxes distributed, Alabama Reinvestment and Abatements Act, Secs. 40-9G-1, 40-9G-2 added; Secs. 40-9B-3, 40-9B-5 am'd.