Code of Alabama — Title 40 (Revenue and Taxation)
Ala. Code § 40-9D-3
Definitions
# (1)
CAPITAL COSTS. Costs as defined in subdivision (2) of Section 40-18-190.
# (2)
CAPITAL CREDIT. An amount defined in subdivision (3) of Section 40-18-190.
# (3)
CONSTRUCTION RELATED TRANSACTION TAXES. The sales and use taxes defined in subdivision (3) of Section 40-9B-3.
# (4)
QUALIFYING ENTITIES. Those entities that invest in large projects in Alabama that employ, prior to December 31, 2015, at least 2,000 full time on site employees with benefits at a single site in Alabama and prior to December 31, 2011, invest at least $2.5 billion in capital costs at a single site in Alabama. For periods following December 31, 2015, the 2,000 employment level required to qualify as a qualifying entity shall be maintained for all years thereafter.
Source: view the official text
In this chapter (4 sections)
- 40-9D-1 · Short Title
- 40-9D-2 · Legislative Intent; Scope; Exclusiveness
- 40-9D-3 · Definitions
- 40-9D-4 · Enhancement of Abatements and Capital Credits