Code of Alabama - Title 40: Revenue and Taxation - Section 40-18-377 - Project agreements forwarded to Department of Revenue; incentives not deemed securities

Section 40-18-377 - Project agreements forwarded to Department of Revenue; incentives not deemed securities.

(a) After its execution, the Department of Commerce shall forward to the Department of Revenue a copy of any project agreement that allows an incentivized company to claim a jobs act incentive.

(b) Jobs act incentives shall not be considered securities under Section 8-6-2(10).

(Act 2015-27, §3.)

Last modified: May 3, 2021