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  2. U.S. State Codes
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  4. Alabama
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  6. Title 40 - Revenue and Taxa...
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  8. Chapter 18 - Income Taxes.
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  10. Article 7 - Tax Credits for Projects of New Bus...


Article 7 - Tax Credits for Projects of New Businesses and Business Expansions.


  • Section 40-18-190 - Definitions.
  • Section 40-18-191 - Filing with department written statement of intent to claim credit.
  • Section 40-18-192 - Effect of compliance with requirements; agreements specifying method by which income generated and allocation of credit.
  • Section 40-18-193 - Qualifications for capital credits.
  • Section 40-18-193.1 - Applicability to gaming facilities.
  • Section 40-18-194 - Entities allowed capital credit.
  • Section 40-18-195 - Capital credit not to exceed capital costs of project.
  • Section 40-18-195.1 - Capital credits and abatements under 2007 North American Classification System Industry Group 2121.
  • Section 40-18-196 - Department to report annually.
  • Section 40-18-197 - Department to adopt regulations and to audit companies.
  • Section 40-18-198 - Officer to file affidavit with department.
  • Section 40-18-199 - State Industrial Development Authority not to grant credits except for certain entities.
  • Section 40-18-200 - Entities approved by State Industrial Development Authority prior to January 16, 1995, may elect to receive credit under article.
  • Section 40-18-201 - Companies to maintain records; regulations concerning determination of income.
  • Section 40-18-202 - Availability of capital credits for new projects after December 31, 1998.
  • Section 40-18-202.1 - Availability of capital credits after December 31, 2018.
  • Section 40-18-203 - Provisions to govern administration of article.
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