Section 40-18-376 – Investment Credit; Realization Methods; Rulemaking Authority.
Section 40-18-376 Investment credit; realization methods; rulemaking authority. (a) If provided for in the project agreement, the incentivized company is allowed an investment credit in an annual amount equal to 1.5 percent of the capital investment incurred as of the beginning of the incentive period, to be used as follows: (1) To offset the income […]
Section 40-18-376.1 – Projects in Targeted or Jumpstart Counties.
Section 40-18-376.1 Projects in targeted or jumpstart counties. (a) As used in this section, the following terms shall have the following meaning: (1) JUMP START COUNTY. Any Alabama county which meets all the following: a. That does not qualify as a targeted county. b. That has experienced negative population growth over the last five years […]