The Legislature recognizes the importance of industrial development to the well being of the people of the state. The Legislature also recognizes that industries are attracted by a number of factors, including natural resources, a well-trained workforce, good roads, and excellent education. The Legislature also recognizes that in some cases additional incentives are required to succeed in attracting new industries and encouraging existing industries to expand and therefore intends to continue to allow county and municipal governments and certain public corporations to provide substantial tax incentives.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Chapter 9B - Tax Incentive Reform Act of 1992.
Section 40-9B-1 - Short Title.
Section 40-9B-2 - Legislative Findings.
Section 40-9B-3 - Definitions.
Section 40-9B-4 - Authorization of Abatement.
Section 40-9B-4.1 - Availability of Incentives.
Section 40-9B-5 - Granting of Abatement.
Section 40-9B-6 - Procedure for Granting Abatement.
Section 40-9B-7 - Private Use Property; Taxation Thereof.
Section 40-9B-9 - Approval Required for Certain Abatements.
Section 40-9B-11 - Exemption Period for Qualified Industrial or Research Enterprises.
Section 40-9B-12 - Availability of Abatements After December 31, 2018.
Section 40-9B-13 - Disaster Recovery Tax Incentive Protection.