Code of Alabama
Article 16 - Alabama Jobs Act.
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).

Structure Code of Alabama

Code of Alabama

Title 40 - Revenue and Taxation.

Chapter 18 - Income Taxes.

Article 16 - Alabama Jobs Act.

Section 40-18-370 - Short Title; Legislative Findings; Definitions.

Section 40-18-370.1 - Legislative Findings as to Enhancement of Alabama Jobs Act.

Section 40-18-371 - Requirements for Receipt of Incentives.

Section 40-18-372 - Qualifying Projects - Activities and Standards.

Section 40-18-373 - Approved Companies.

Section 40-18-374 - Claiming of Incentives; Project Agreement; Amounts and Durations of Incentives.

Section 40-18-375 - Jobs Credit Against Utility Taxes; Realization of Benefits; Regulations.

Section 40-18-376 - Investment Credit; Realization Methods; Rulemaking Authority.

Section 40-18-376.1 - Projects in Targeted or Jumpstart Counties.

Section 40-18-376.2 - Additional Jobs Credit for Employment of Veterans.

Section 40-18-376.3 - Qualifying Projects by Technology Companies.

Section 40-18-376.4 - Qualifying Projects by Underrepresented Companies.

Section 40-18-377 - Project Agreements Forwarded to Department of Revenue; Incentives Not Deemed Securities.

Section 40-18-378 - Verification of Employment Numbers; Audits; Return of Unearned Credit Amounts; Liability of Incentivized Companies.

Section 40-18-379 - Joint Legislative Advisory Committee on Economic Incentives.

Section 40-18-380 - Implementation of Article.

Section 40-18-381 - Construction of Article.

Section 40-18-382 - Continuation or Reinstatement of Incentives.

Section 40-18-383 - Maximum Balance of Outstanding Incentives; Availability of Incentives to Existing Projects.

Section 40-18-384 - Special Industrial or Research Enterprises; Amounts and Durations of Incentives; Fees for Amendments to Project Agreements.

Section 40-18-385 - Implementation and Administration of the Alabama Incentives Modernization Act.

Section 40-18-386 - Reductions of Distribution for Education Trust Fund and General Fund.