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2-8-80
Section 2-8-80 Legislative purpose and intent. It is hereby declared to be in the interest
of the public welfare that producers of soybeans shall be authorized and encouraged to act
jointly and in cooperation with handlers, dealers and purchasers of soybeans and with the
Commissioner of Agriculture and Industries and with the State Board of Agriculture and Industries
in promoting and stimulating, by research, education, advertising and other methods, the increased
and efficient production, distribution, use and sale of soybeans and soybean products, and
it is the intent and purpose of this article to authorize and provide a method and procedure
for a promotional program for the soybean industry and the financing thereof pursuant to powers
conferred upon the Legislature by Amendment 315 to the Alabama Constitution of 1901. (Acts
1971, No. 227, p. 523, §1.)...
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41-10-391
Section 41-10-391 Legislative findings of fact and declaration of intent; construction of article.
The Legislature hereby makes the following findings of fact and declares its intent to be:
Supercomputer technology is expected to have a significant impact on the research capabilities
of research institutions, governmental agencies and private industries. The police power of
the state authorizes the state to promote the prosperity and general welfare of its citizens.
The development of supercomputer technology will greatly enhance research capabilities of
the state's major research institutions and governmental agencies, and will attract industry
to the state. For these reasons, it is the intent of the Legislature by the passage of this
article to exercise its police power to authorize the incorporation by the Governor, the Director
of Finance, the Secretary of the Alabama Department of Commerce, the Lieutenant Governor and
the Speaker of the House, of a public corporation for the...
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11-92-2
Section 11-92-2 Legislative intent; construction of chapter generally. (a) It is the intention
of the Legislature by the passage of this chapter to authorize each county and each municipality
in the state, acting separately or jointly, within the restrictions of this chapter, to acquire,
by purchase or otherwise, one or more industrial or commercial parks, as defined in Section
11-92-1, to develop such parks, to finance such acquisition and development by the sale and
issuance of interest-bearing general obligation warrants of such counties or municipalities,
and to sell such parks. (b) This chapter shall be liberally construed in conformity with this
intention. (Acts 1977, No. 694, p. 1223, §1.)...
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11-54-80
Section 11-54-80 Definitions. Wherever used in this division, unless a different meaning clearly
appears in the context, the following terms shall be given the following respective meanings:
(1) INDUSTRIAL DEVELOPMENT BOARD or BOARD. Any industrial development board organized pursuant
to the provisions of this division. (2) MUNICIPALITY. Any incorporated city or town in this
state with respect to which an industrial development board may be organized. (3) PROJECT.
a. Any land and any building or other improvement thereon and all real and personal properties
deemed necessary in connection therewith, whether or not now in existence, which shall be
suitable for use by any one of the following or by any combination of two or more thereof:
1. Any industry for the manufacturing, processing or assembling of any agricultural, manufactured
or mineral products. 2. Any commercial enterprise in storing, warehousing, or distributing
any products of agriculture, mining, or industry, or providing...
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11-86A-2
Section 11-86A-2 Legislative findings of fact and declaration of intent; construction of chapter.
(a) The Legislature hereby makes the following findings of fact and declares its intent to
be as follows: The Legislature acknowledges the key role of public corporations in the state
in promoting public interest and participation in sports, athletics, and recreational activities
through acquiring, enlarging, improving, expanding, owning, operating, leasing, and disposing
of park and recreation related properties. It has come to the attention of the Legislature
that questions have been raised as to the status of certain local park and recreational authorities
and boards located in the state. It is the intent of the Legislature to promote the public
health and general welfare by exercising its police power to authorize the formation or retroactive
validation of independent public corporations created jointly by counties and municipalities,
one of which is to be a Class 4 municipality, as...
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40-9G-2
Section 40-9G-2 Incentives for qualifying projects; filings; audits; promulgation of regulations.
(a) For any qualifying project, an abatement may be allowed for ad valorem taxes and construction
related transaction taxes. (1) The abatement of construction related transaction taxes shall
be subject to and shall follow the procedures, provisions, limitations, and definitions of
Chapter 9B, except that capitalized repairs, rebuilds, maintenance and replacement equipment
shall qualify for abatements. (2) The abatement of ad valorem taxes shall be subject to and
shall follow the procedures, provisions, limitations, and definitions of Chapter 9B, except
as follows: a. The amount of the ad valorem tax abatement shall be equal to the ad valorem
taxes owed, minus the ad valorem taxes owed from the tax year immediately before the qualifying
project was placed in service; b. As to any ad valorem tax abatement, capitalized repairs,
rebuilds, maintenance and replacement equipment shall qualify for...
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23-1-91
Section 23-1-91 Aid for development of access roads or bridges to certain facilities by contiguous
counties or municipalities. The county commission of any county or governing body of any municipality
in this state is hereby authorized, upon the adoption by a majority vote of a resolution duly
recorded in its minutes, to aid and participate in the development of any access roads or
bridges to any project undertaken by any public athletic or recreational board for the promotion
of athletics, recreation, race tracks, and related facilities in any other contiguous county
or in aid of the development in any other contiguous county or any industrial site or access
roads and bridges of any project undertaken pursuant to the provisions of Sections 11-54-80
through 11-54-101 or pursuant to Sections 11-54-20 through 11-54-32. In any county, including
the county in which said project is located, the county commission may appropriate county
funds or authorize the use of equipment and employees of...
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40-18-376
Section 40-18-376 Investment credit; realization methods; regulations. (a) If provided for
in the project agreement, the incentivized company is allowed an investment credit in an annual
amount equal to 1.5 percent of the capital investment incurred as of the beginning of the
incentive period, to be used as follows: (1) To offset the income taxes found in this chapter,
or as an estimated tax payment of income taxes; (2) To offset the financial institution excise
tax found in Chapter 16; (3) To offset the insurance premium tax levied by Section 27-4A-3(a),
or as an estimated payment of insurance premium tax; (4) To offset utility taxes; or (5) To
offset some combination of the foregoing, so long as the same credit is used only once. The
incentive period shall begin no earlier than the placed-in-service date. The incentive period
shall be 10 years. Should only some portion of a tax year be included in the incentive period,
the amount of the investment credit shall be prorated on a daily...
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40-18-384
Section 40-18-384 Special industrial or research enterprises; amounts and durations of incentives;
fees for amendments to project agreements. (a) Both of the following shall be considered industrial
or research enterprises for purposes of Chapter 9B of this Title 40, approved activities for
purposes of Chapter 9G of this Title 40, and qualifying projects for purposes of Article 16
of Chapter 18 of this Title 40: (1) Any trade or business predominately consisting of an activity
described in Section 40-18-376.3(c). (2) The agricultural center described in Section 40-18-411(a)(2)c.
(b) The agricultural center is allowed the investment credit as provided in Section 40-18-376
for a period not to exceed 10 years. (c) For purposes of Article 16 of Chapter 18 of Title
40, the Governor may decrease the amounts and durations of the jobs act incentives. The Department
of Commerce may charge fees for amendments to project agreements entered into under Article
16 of Chapter 18 of Title 40. (d) As...
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40-18-70
Section 40-18-70 Definitions. For the purpose of this article, the following terms shall have
the respective meanings ascribed by this section: (1) EMPLOYEE. Employee as defined in the
Internal Revenue Code, as amended from time to time. (2) EMPLOYER. Employer as defined in
the Internal Revenue Code, as amended from time to time. An employer is required to withhold
tax from the wages of employees to the extent that such wages are earned in Alabama, whether
the employee is a resident or a nonresident of the state. (3) INTERNAL REVENUE CODE. The Internal
Revenue Code of the United States, as amended from time to time. (4) PROVISIONAL CONSTRUCTION
EMPLOYERS. A provisional construction employer is any employer, including members of its affiliated
group as that term is defined in the Internal Revenue Code, that (i) employs 50 or more employees
in a construction project for qualified property located in a tax increment district in which
not less than 50 percent, by area, of the real property...
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