Code of Alabama - Title 40: Revenue and Taxation - Chapter 9C - Brownfield Development Tax Abatement

• Section 40-9C-1 Short title
  This chapter shall be known and may be cited as the Brownfield Development Tax Abatement Act.
• Section 40-9C-2 Legislative findings
  The Legislature recognizes the importance of recovering and reusing previously utilized property to the well-being of the people of the state. The Legislature also recognizes...
• Section 40-9C-3 Definitions
  For purposes of this chapter, the following words and phrases shall have the following meanings: (1) ABATE, ABATEMENT. A reduction or elimination of a taxpayer's...
• Section 40-9C-4 Authorization of abatement
  (a) Noneducational ad valorem taxes, construction related noneducation transaction taxes, except those construction related transaction taxes levied for educational purposes or for capital improvements for...
• Section 40-9C-5 Granting of abatement
  (a) Subject to the geographical or jurisdictional limitations specified in subsection (b), the governing body of a municipality or a county may grant abatements of...
• Section 40-9C-6 Procedure for granting abatement
  (a) Subject to the limitations set out in Section 40-9C-5, any person who proposes to become a private user of brownfield development property or of...
• Section 40-9C-7 Exemption of certain purchases of tangible personal property used in constructing brownfield development property
  Notwithstanding any other laws, and subject to the limitations set out in Section 40-9C-5, the gross proceeds of the sale to, or the storage, use,...
• Section 40-9C-8 Rules and regulations
  The Department of Revenue shall adopt all necessary rules, regulations, and orders needed to implement and administer this chapter.

Last modified: May 3, 2021