Section 40-9D-1 – Short Title.

Section 40-9D-1 Short title. This chapter shall be known and may be cited as the “Alabama Economic Incentive Enhancement Act of 2007.” (Act 2007-199, p. 234, §1.)

Section 40-9D-2 – Legislative Intent; Scope; Exclusiveness.

Section 40-9D-2 Legislative intent; scope; exclusiveness. (a)(1) The legislative intent of this chapter is to provide incentives necessary to attract very large projects which shall generate a substantial number of jobs and economic growth for the citizens of Alabama. (2) This chapter is intended as minimum code and the Department of Revenue may adopt rules […]

Section 40-9D-3 – Definitions.

Section 40-9D-3 Definitions. (1) CAPITAL COSTS. Costs as defined in subdivision (2) of Section 40-18-190. (2) CAPITAL CREDIT. An amount defined in subdivision (3) of Section 40-18-190. (3) CONSTRUCTION RELATED TRANSACTION TAXES. The sales and use taxes defined in subdivision (2) of Section 40-9B-3. (4) QUALIFYING ENTITIES. Those entities that invest in large projects in […]

Section 40-9D-4 – Enhancement of Abatements and Capital Credits.

Section 40-9D-4 Enhancement of abatements and capital credits. (a) For the entities that qualify under this chapter, an abatement shall be allowed for ad valorem taxes. Such abatement shall follow the provisions and definitions of Chapter 9B of this title with the following exceptions: (1) The maximum exemption period as provided in subdivision (10) of […]