In no event shall any incentive provided in Act 2012-210 be available to any company filing an application after December 31, 2023, unless Act 2012-210 is reauthorized pursuant to legislation in that year and once every five years succeeding the 2024 reauthorization. Any project granted incentive prior to December 31, 2023, shall be entitled to those incentives pursuant to the project agreement regardless of whether Act 2012-210 is reauthorized.
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.