Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/9-8A-14.htm |
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Depth: | 0 singles |
Size: | 969 bytes |
Modified: | 2007-04-30 10:39:16 |
Categories: | -None- |
Title: | 9-8A-14 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 9-8A-14 Exemption of cost-share grants from taxation. The gross income for Alabama income tax purposes of an eligible person receiving a cost-share grant from the commission pursuant to this chapter shall not include the amount of such cost-share grant. The commission shall take such steps as may be necessary to qualify the cost-share grant program provided herein with the United States Secretary of the Treasury and the United States Secretary of Agriculture as a program qualifying under Section 126(a)(10) of the Internal Revenue Code of 1954, as amended. (Acts 1985, 1st Ex. Sess., No. 85-123, p. 169, §16; Acts 1986, No. 86-426, p. 775, §15.) |