Code of Alabama — Title 40 (Revenue and Taxation)
Ala. Code § 40-9C-9
Repeal of Incentives
Official textalison.legislature.state.al.us
# (a)
The Brownfield Development Tax Abatement Act, Chapter 9C, of Title 40, commencing with Section 40-9C-1, is repealed effective December 31, 2028, unless extended by an act of the Legislature prior to that date for no more than five additional years.
# (b)
The repealing of the incentives in subsection (a) shall only affect the availability of the tax credits after December 31, 2028, and shall not cause a reduction or suspension of any credits awarded on or prior to December 31, 2028.
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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