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Home » US Law » 2022 Code of Alabama » Title 40 - Revenue and Taxation. » Chapter 9G - Alabama Reinvestment and Abatesment Act.

Section 40-9G-1 – Definitions.

Section 40-9G-1 Definitions. For purposes of the chapter, the following words and phrases shall have the following meaning: (1) APPROVED ACTIVITY. The conduct of an activity that is predominantly any one or more of the following: a. Described by NAICS Code 1133, 115111, 2121, 22111, 221330, 31 (other than 311811), 32, 33, 423, 424, 482, […]

Section 40-9G-2 – Incentives for Qualifying Projects; Filings; Audits; Promulgation of Regulations.

Section 40-9G-2 Incentives for qualifying projects; filings; audits; promulgation of regulations. (a) For any qualifying project, an abatement may be allowed for ad valorem taxes and construction related transaction taxes. (1) The abatement of construction related transaction taxes shall be subject to and shall follow the procedures, provisions, limitations, and definitions of Chapter 9B, except […]