Section 40-18-445 – (Effective for Tax Returns Due on or After January 1, 2018) Enforcement.
Section 40-18-445 (Effective for tax returns due on or after January 1, 2018) Enforcement. (a) The department may investigate the actions of any income tax return preparer filing Alabama income tax returns and may bar or suspend an income tax return preparer from filing returns with the department for good cause, subject to the appeal […]
Section 40-18-417.3 – Approval of Applications; Agreements.
Section 40-18-417.3 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2021 REGULAR SESSION, EFFECTIVE FEBRUARY 12, 2021. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) Following a review, if the Department of Commerce should approve the application provided in subsection (a) of Section 40-18-417.2, it shall forward the application to the Renewal […]
Section 40-18-417.4 – Scope and Use of Growing Alabama Credits.
Section 40-18-417.4 Scope and use of Growing Alabama Credits. (a) A taxpayer is allowed a Growing Alabama Credit to be applied against all of the following: (1) To offset the income taxes levied in this chapter, or as an estimated tax payment of income taxes. (2) To offset the state portion of the financial institution […]
Section 40-18-417.5 – Site Preparation or Public Infrastructure Work; Reports.
Section 40-18-417.5 Site preparation or public infrastructure work; reports. (a) Upon receipt of funding provided by the tax credit process in Section 40-18-417.4, the economic development organization shall proceed with the work that was specified in the application required by Section 40-18-417.2. (b)(1) As to a project described in subdivision (a)(1) of Section 40-18-417.2, the […]
Section 40-18-401 – Applications; Construction of Article.
Section 40-18-401 Applications; construction of article. (a) The port credit provided for in Section 40-18-403 is created by this article and is allowed upon strict compliance with the provisions herein. (b) Prior to the allowance of the port credit, an application shall be filed with the commission, on a form promulgated by the commission. (1) […]
Section 40-18-402 – Renewal of Alabama Commission.
Section 40-18-402 Renewal of Alabama Commission. (a) There is hereby created the Renewal of Alabama Commission. (b) The commission shall be comprised of all of the following persons: (1) The Director of Finance, or his or her designee. (2) The Secretary of Commerce, or his or her designee. (3) The Chair of the House Ways […]
Section 40-18-403 – Port Credits.
Section 40-18-403 Port credits. (a) If approved by the commission, a port credit is allowed, in an amount equal to fifty dollars ($50) per TEU, three dollars ($3) per net ton, four cents ($0.04) per kilogram for air freight, or two dollars and ninety-one cents ($2.91) per VEU, multiplied by the following: (1) The port […]
Section 40-18-410 – (Per Section 40-18-416, This Section Is Repealed Following the Close of Fiscal Year 2020) Definitions.
Section 40-18-410 (Per Section 40-18-416, this section is repealed following the close of fiscal year 2020) Definitions. THIS SECTION WAS REPEALED IN THE 2021 REGULAR SESSION BY ACT 2021-2. (Act 2016-102, p. 148, §3; Act 2019-392, §3.)
Section 40-18-411 – (Per Section 40-18-416, This Section Is Repealed Following the Close of Fiscal Year 2020) Applications.
Section 40-18-411 (Per Section 40-18-416, this section is repealed following the close of fiscal year 2020) Applications. THIS SECTION WAS REPEALED IN THE 2021 REGULAR (a) (1) A local economic development organization which owns a site may apply to the Department of Commerce for funding to solve an inadequacy involving the site. The application by […]
Section 40-18-382 – Continuation or Reinstatement of Incentives.
Section 40-18-382 Continuation or reinstatement of incentives. The incentives authorized by this article shall not be available for qualifying projects for which project agreements have not been executed on or prior to July 31, 2023, unless the Legislature enacts legislation to continue or reinstate the incentives for new projects after that date. No action or […]