Ala. Code § 40-18-472 — Project Requirements; Review of Projects

(a) In order for an applicant that proposes a certified tourism destination project to be an approved company, the board shall make both of the following findings:
(1) That the project is in fact a certified tourism destination project.
(2) That the amount of tourism rebates sought are exceeded by anticipated revenues for the state, including income, property, business privilege, utility, gross receipts, and sales and use tax revenues that are generated by the economic activity resulting from the project.
(b) The Alabama Tourism Advisory Board shall review qualifying projects meeting the established criteria and approve eligible projects for tax rebates. Upon a determination that all program requirements are met, the board shall issue an Alabama Tourism Advisory Board Act Certificate. Each certificate shall include the amount of the approved project costs, the maximum rebate available, and the rebate term of 10 years from the completion date or the date on or which five million dollars ($5,000,000) of the approved project costs has been rebated to the applicant, whichever threshold is met first.