By MARY SELL, Alabama Daily News
The Alabama House on Thursday gave final approval to legislation giving new and expanding industries in the state a break on workforce requirements if COVID-19 caused hiring delays.
The state’s capital credit program allows an annual tax credit based on a percentage of businesses capital costs. To qualify, the businesses must meet hiring and wage requirements.
Senate Bill 274 from Sen. Bobby Singleton, D-Greensboro, creates the COVID-19 Recovery Capital Credit Protection Act of 2021, providing an extension to the employment and wage requirements for a qualifying project placed into service during 2019, 2020, and 2021.
Initial wage and employment requirements will be extended up to two years for projects “that have been directly affected by the COVID-19 pandemic,” the bill says.
Rep. Kyle South, R-Fayette, carried the bill in the House. It was approved 88-0 in that chamber and goes to the governor.