Section 16-60-308 – Responsibilities of the Board.
Section 16-60-308 Responsibilities of the board. The responsibilities of the board shall include all of the following: (1) Evaluate grant proposals based on the purpose shown in Section 16-60-305. (2) Monitor and ensure that expenditures of grant funds are in accordance with the associated grant proposal, this article, and relevant state laws. (3) Upon finding […]
Section 16-60-351 – Credit for Qualifying Education Expenses.
Section 16-60-351 Credit for qualifying education expenses. (a)(1) For tax years commencing January 1, 2015, and thereafter, a taxpayer who files a state income tax return and is not a dependent of another taxpayer may claim a tax credit for a contribution made to the Department of Postsecondary Education for qualifying educational expenses directly associated […]
Section 16-60-309 – Disbursement of State Funds Through Grant Procedure.
Section 16-60-309 Disbursement of state funds through grant procedure. (a) The center shall evaluate grant proposals based on all of the following criteria: (1) The relevance of such proposal to the purpose for which such grants are made, as stated in Section 16-60-305. (2) The extent to which such grant proposal advances the program objectives […]
Section 16-60-352 – Documentation.
Section 16-60-352 Documentation. (a) The Department of Revenue may require a taxpayer to submit copies of receipts or other similar financial documentation with the taxpayer’s state income tax return as necessary to confirm eligibility for the tax credit. (b) The Department of Revenue shall promulgate rules and develop any tax forms, directions, and worksheets as […]
Section 16-60-310 – Report of the Examiner of Public Accounts.
Section 16-60-310 Report of the Examiner of Public Accounts. The Department of the Examiners of Public Accounts shall perform a yearly audit of all public monies received by the center and shall provide a copy of the audit to the Presiding Chair of the State House of Representatives Legislative Delegation of Jefferson County and the […]
Section 16-60-353 – Reports.
Section 16-60-353 Reports. (a) The Commissioner of Revenue shall annually report the total amount of tax credits claimed and authorized pursuant to this article, on or before the fifteenth day of each regular session, to the Director of Finance, the Chair of the House Ways and Means Education Committee, and the Chair of the Senate […]
Section 16-60-311 – Exemptions From Taxation.
Section 16-60-311 Exemptions from taxation. (a) All assets and properties of the center, the income therefrom, and all other income of the center are exempt from any form of taxation in the State of Alabama whether imposed by the state, a county, or a municipality. (b) All gifts, grants, devises, and bequests to the center […]
Section 16-60-354 – Administration of Career-Technical Dual Enrollment Program; Allocation of Funds.
Section 16-60-354 Administration of Career-Technical Dual Enrollment Program; allocation of funds. (a) The Department of Postsecondary Education shall be responsible for administering the Career-Technical Dual Enrollment Program, for promulgating rules necessary for the department to implement the provisions of this article, and for allocating or disbursing the funds made available by this article for qualifying […]
Section 16-60-312 – Nonprofit and Public Nature of the Center.
Section 16-60-312 Nonprofit and public nature of the center. It is the intent of this article that the center be a nonprofit public corporation. No part of the net earnings of the center shall inure to the benefit of any private individual, firm, or corporation. (Act 2001-501, p. 880, §13.)
Section 16-60-330 – Legislative Intent.
Section 16-60-330 Legislative intent. It is the intent of the Legislature to establish the Marion Military Institute under the supervision of the Alabama State Board of Education and the Chancellor of the Department of Postsecondary Education. (Act 2006-230, p. 414, §1.)