(a) The authority shall formulate and implement plans to promote and foster the industrial development and economic growth of all areas of Cleburne County and any incorporated municipalities located within the county. To this end, the authority shall be entitled to all of the powers, rights, privileges, exemptions, and immunities provided by the general laws of Alabama to local industrial development authorities, including, but not limited to, abatement or exemption of local taxes, issuance of bonds, and the acquisition, enlargement, improvement, replacement, ownership, leasing, selling, or disposing of properties as the authority deems necessary to promote the creation of jobs and develop commerce and trade within the county and the state. (b)(1) Notwithstanding subsection (a), the authority may not abate or exempt any local tax levied against any person or other entity unless the governing body of the local entity in which the tax is levied affirmatively approves the granting of the economic incentive. (2) Notwithstanding subdivision (1), the authority may not abate or exempt any local taxes levied against a board member, the director, or any employee of the authority,
his or her spouse or dependent child, or any business with which the person is associated, as that term is defined in Section 36-25-1.
History: (Act 2026-154, §5.)