Kay Ivey Signs Bill For Toyota Mazda Tax Abatements


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Kay Ivey signs bill for Toyota-Mazda tax abatements

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State Rep. Danny Crawford, Gov. Kay Ivey and State Sen. Arthur Orr.
State Rep. Danny Crawford, Gov. Kay Ivey and State Sen. Arthur Orr. (Governor's office)

Gov. Kay Ivey yesterday signed an expedited bill as part of the tax abatement package for the Toyota-Mazda manufacturing plant in Huntsville.

Senate Bill 98 provides authority to counties to abate ad valorem taxes for certain projects that qualify for the incentives under the Alabama Jobs Act.

The bill was sponsored by State Sen. Arthur Orr and State Rep. Danny Crawford. It allows Limestone County to offer tax abatements as part of the Toyota-Mazda local incentives package.

The Japanese automakers in January announced they will build a $1.6 billion manufacturing plant in Huntsville, employing 4,000. It is expected to open in 2021.

"Alabama is a business-friendly state, and this bill is further proof that we want companies who chose Alabama to thrive," Ivey said in a statement. "I am proud of the hard work that went into bringing Toyota and Mazda's $1.6 billion dollar investment and 4,000 new jobs to Alabama. Bringing the Toyota-Mazda plant to Alabama is a testament to our state's leadership and to the high quality of our workforce."

Orr said he was proud of the working relationship between the governor's office and the Legislature, while Crawford said the bill ensures that local governments can live up to their commitments.

Source : http://www.al.com/business/index.ssf/2018/02/kay_ivey_signs_bill_for_toyota.html

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