Each homeowner and business assessed pursuant to this chapter, beginning in the 2012 tax year, shall be eligible for an income tax credit of 10 percent of the amount of assessment paid, not to exceed one thousand dollars ($1,000) credit in any tax year, for a period not exceeding 10 successive tax years.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 71 - The Neighborhood Infrastructure Incentive Plan Act of 2011.
Section 11-71-1 - Legislative Findings.
Section 11-71-2 - Short Title; Definitions.
Section 11-71-3 - Creation of Neighborhood Infrastructure Authority.
Section 11-71-4 - Powers of Authority.
Section 11-71-5 - Liability; Civil Actions.
Section 11-71-6 - Terms of Office; Vacancies.
Section 11-71-7 - Contracts; Funding.
Section 11-71-8 - Refunding of Excess Funds.
Section 11-71-9 - Dedication of Facilities and Projects.
Section 11-71-10 - Dissolution and Liquidation of Authority.