by Sheila McCant, Public Information Officer
The Stelly Plan was the focus of one of the House Ways and Means Committee hearings this week. More than 25 bills have been filed in the House to repeal or amend the plan. Although there was considerable debate of the issue, no action was taken. The committee is expected to vote on the issue later in the session when there is a better idea of how all tax exemptions will affect the budget.
The full House also considered tax breaks this week, including House Bill 772 which was introduced in an effort to attract the ThyssenKrupp AG steel mill. Less than 24 hours after the House unanimously passed the legislation, the company announced it had selected Alabama for the site of its new mill.
The House Insurance Committee considered bills this week to lower the cost and increase the availability of property insurance in the state. Some of the bills of interest considered by committees and the full House this week can be found in the full edition located here.