Section 40-18-410 – (Per Section 40-18-416, This Section Is Repealed Following the Close of Fiscal Year 2020) Definitions.
Section 40-18-410 (Per Section 40-18-416, this section is repealed following the close of fiscal year 2020) Definitions. THIS SECTION WAS REPEALED IN THE 2021 REGULAR SESSION BY ACT 2021-2.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Section 40-18-411 – (Per Section 40-18-416, This Section Is Repealed Following the Close of Fiscal Year 2020) Applications.
Section 40-18-411 (Per Section 40-18-416, this section is repealed following the close of fiscal year 2020) Applications. THIS SECTION WAS REPEALED IN THE 2021 REGULAR (a) (1) A local economic development organization which owns a site may apply to the Department of Commerce for funding to solve an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 […]
Section 40-18-412 – (Per Section 40-18-416, This Section Is Repealed Following the Close of Fiscal Year 2020) Approval of Applications; Agreements.
Section 40-18-412 (Per Section 40-18-416, this section is repealed following the close of fiscal year 2020) Approval of applications; agreements. THIS SECTION WAS REPEALED IN THE 2021 REGULAR (a) Following a review, if the Department of Commerce should approve the application provided in Section 40-18-411(a), it shall forward the application to the Renewal of Alabama […]
Section 40-18-383 – Maximum Balance of Outstanding Incentives; Availability of Incentives to Existing Projects.
Section 40-18-383 Maximum balance of outstanding incentives; availability of incentives to existing projects. (a) At no time prior to the calendar year ending December 31, 2020, shall the annualized balance of outstanding jobs act incentives exceed $300 million, which amount would increase to three hundred twenty-five million dollars ($325,000,000) for the calendar year ending December […]
Section 40-18-413 – (Per Section 40-18-416, This Section Is Repealed Following the Close of Fiscal Year 2020) Scope and Use of Growing Alabama Credits.
Section 40-18-413 (Per Section 40-18-416, this section is repealed following the close of fiscal year 2020) Scope and use of Growing Alabama Credits. THIS SECTION WAS REPEALED IN THE 2021 REGULAR (a) A taxpayer is allowed a Growing Alabama Credit to be applied against the tax levied by this chapter. In no event shall the […]
Section 40-18-384 – Special Industrial or Research Enterprises; Amounts and Durations of Incentives; Fees for Amendments to Project Agreements.
Section 40-18-384 Special industrial or research enterprises; amounts and durations of incentives; fees for amendments to project agreements. (a) Both of the following shall be considered industrial or research enterprises for purposes of Chapter 9B of this Title 40, approved activities for purposes of Chapter 9G of this Title 40, and qualifying projects for purposes […]
Section 40-18-414 – (Per Section 40-18-416, This Section Is Repealed Following the Close of Fiscal Year 2020) Site Preparation or Public Infrastructure Work; Reports.
Section 40-18-414 (Per Section 40-18-416, this section is repealed following the close of fiscal year 2020) Site preparation or public infrastructure work; reports. THIS SECTION WAS REPEALED IN THE 2021 REGULAR (a) Upon receipt of funding provided by the tax credit process in Section 40-18-413, the economic development organization shall proceed with the work that […]
Section 40-18-385 – Implementation and Administration of the Alabama Incentives Modernization Act.
Section 40-18-385 Implementation and administration of the Alabama Incentives Modernization Act. The departments of Economic and Community Affairs, Revenue, Commerce, and Finance shall implement Act 2019-392, exercise all powers as authorized in Act 2019-392, and adopt rules to implement and administer Act 2019-392. (Act 2019-392, §8.)
Section 40-18-415 – (Per Section 40-18-416, This Section Is Repealed Following the Close of Fiscal Year 2020) Forms; Construction of Article; Rulemaking Authority.
Section 40-18-415 (Per Section 40-18-416, this section is repealed following the close of fiscal year 2020) Forms; construction of article; rulemaking authority. THIS SECTION WAS REPEALED IN THE 2021 REGULAR (a) All filings and applications made with any department of the state government shall be made using forms promulgated by such department. Any such filing […]