Code of Alabama — Title 40 (Revenue and Taxation)
Ala. Code § 40-9C-5
Granting of Abatement
REPEALED BY ACT 2023-546, EFFECTIVE DECEMBER 1, 2028 UNLESS EXTENDED BY AN ACT OF THE LEGISLATURE.
# (a)
Subject to the geographical or jurisdictional limitations specified in subsection (b), the governing body of a municipality or a county may grant abatements of all of the taxes allowed to be abated under Section 40-9C-4 with respect to private use brownfield development property.
# (b)
The abatements authorized to be granted pursuant to subsection (a) may be granted:
# (1)
By the governing body of a municipality, with respect to private use brownfield development property located within the limits of the municipality or within the police jurisdiction of the municipality; provided, however, that the governing body shall not grant an abatement of any county taxes unless consented to by resolution of the governing body of the county.
# (2)
By the governing body of a county, with respect to private use brownfield development property located in the county and not within a municipality or the police jurisdiction of a municipality; provided, however, that the governing body shall not grant an abatement of any municipal taxes unless consented to by resolution of the governing body of the municipality.
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In this chapter (9 sections)
- 40-9C-1 · Short Title
- 40-9C-2 · Legislative Findings
- 40-9C-3 · Definitions
- 40-9C-4 · Authorization of Abatement
- 40-9C-5 · Granting of Abatement
- 40-9C-6 · Procedure for Granting Abatement
- 40-9C-7 · Exemption of Certain Purchases of Tangible Personal Property…
- 40-9C-8 · Rules and Regulations
- 40-9C-9 · Repeal of Incentives