Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-18-371

Requirements for Receipt of Incentives

Official textalison.legislature.state.al.us

For a company to receive one or both of the jobs act incentives provided in this article, all of the following shall occur:

# (1)

There must be a qualifying project predominantly conducting an activity specified in Section 40-18-372(1);

# (2)

The qualifying project shall create at least the number of new jobs specified in Section 40-18-372(2);

# (3)

The company proposing the qualifying project must be an approved company, as provided in Section 40-18-373;

# (4)

The approved company and the Governor must enter into a project agreement, as provided in Section 40-18-374;

# (5)

If the incentivized company is allowed a jobs credit, the proof of wages actually paid shall have been delivered and certified, as provided in Section 40-18-375; and

# (6)

If the incentivized company is allowed an investment credit, the proof of capital actually invested shall have been delivered and certified, as provided in Section 40-18-376.

Last amended: Act 2015-27, p. 103, §3; Act 2017-442, §2(b)(8), 2(b)(9).

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