With respect to industrial development property for the establishment or expansion of an industrial or research enterprise as defined in paragraph b. of subdivision (10) of Section 40-9B-3, the governing body of a municipality, county, or public industrial authority shall not grant the abatements provided for in this chapter without first receiving the written approval of the Governor, Finance Director, and Director of the Alabama State Port Authority.
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.