Code of Alabama - Title 40: Revenue and Taxation - Chapter 9D - Alabama Economic Incentive Enchancement Act of 2007

• Section 40-9D-1 Short title
  This chapter shall be known and may be cited as the "Alabama Economic Incentive Enhancement Act of 2007."
• 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...
• 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)...
• 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...

Last modified: May 3, 2021