From the Office of Lt. Governor Ivey
MONTGOMERY, Alabama (March 2, 2012) – On Thursday, the Senate concurred with the proposal from the conference committee chosen to work on HB144, a pro-jobs bill that allows economic incentives to be used to create new jobs in the coal industry. The Senate conferees were President Pro Tem Del Marsh, Senator Trip Pittman, and Senator Greg Reed who carried the bill in The Senate.
“This underscores our commitment to job creation which is the foundation of a vibrant economy. We will continue to be vigilant in supporting efforts to help existing businesses as well as bringing new enterprises here to Alabama,” stated Lt. Governor Ivey. “I’m encouraged by the working relationship between the House and Senate. An improved economic climate is an issue we can all embrace,” she added.
“Many counties in our state have rich deposits of coal, including those in my district. HB144 will allow coal mining operations to increase access to those deposits, which requires the hard work of Alabama workers,” said Senator Greg Reed. “More coal means more jobs, and that’s what we’re focused on in the Alabama Senate.”
This legislation will allow companies primarily engaged in the coal mining industry to access tax incentives already available to many other industries. Due to Alabama’s abundant natural resources, encouraging increased investments by coal mining companies will ultimately result in more jobs for Alabamians.
HB144 was delivered to Governor Bentley at 3:30 pm on March 1st and, after his consideration, will be signed in to law.