HB 626

This act amends Sections 11-99-2, 11-99-4, 11-99-5, and 11-99-6, Code of Alabama 1975, to: (1) add sites suitable for shipbuilding-industry related facilities, subject to other conditions, to those sites that local governments may determine are Major 21st Century Manufacturing Zones; (2) add costs incurred by a public entity in acquiring land within a Major 21st Century Manufacturing Zone before the creation of the tax increment district in which the zone is located to those costs for which a public entity may be reimbursed using ad valorem tax revenues collected within the tax increment district; and (3) remove the size limitation of Major 21st Century Manufacturing Zones within tax increment districts.