|
41-10-44.8
Section 41-10-44.8 Tax credits, job development fees and other incentives. (a) Upon the issuance
by the authority of its project obligations for the purpose of financing a project for an
approved company with respect to which the authority adopted a resolution accepting the project
prior to January 16, 1995, the approved company: (1) Shall receive a credit against the corporate
income tax levied by Section 40-18-31 that otherwise would be owed to the state in any year
by the approved company on its income generated by or arising out of the project, such credit
not to exceed the lesser of (i) the amount due in tax, or (ii) the amount paid by the approved
company pursuant to a financing agreement in the year for which the tax is due, corresponding
to debt service on the project obligations; and (2) May elect to withhold and retain the aggregate
job development fees described in paragraph (b) below, but only to the extent that debt service
payments under the financing agreement(s) exceed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.8.htm - 7K - Match Info - Similar pages
41-10-45.2
Section 41-10-45.2 Fund created; project obligations. (a) There is created the Accelerate Alabama
Fund, which may consist of monies appropriated or otherwise made available by the Legislature
in any manner, proceeds of project obligations issued by the authority, and monies from any
other source designated for deposit into such fund, but not including monies subject to a
constitutional designation for some other purpose. Unexpended amounts remaining in the fund
at the end of each fiscal year of the state shall not lapse into the State General Fund. Any
investment earnings or interest earned on amounts in the fund and all loan payments of principal
and/or interest shall be deposited to the credit of the fund. (b) In addition to the purposes
for which the authority may issue project obligations, the authority is hereby authorized
to issue project obligations to provide money for the fund. Project obligations shall be issued
as provided in Section 41-10-44.6, subject, however, to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-45.2.htm - 3K - Match Info - Similar pages
41-10-626
Section 41-10-626 Bonds of the authority. (a) General. The authority is authorized from time
to time to sell and issue its bonds in limited amounts and for the purpose of promoting economic
development and industrial recruitment as specified by the Legislature from time to time by
separate act, provided that refunding bonds may be issued by the authority pursuant to Section
41-10-627 without first obtaining separate authorization from the Legislature. (b) Sources
of payment. Bonds issued by the authority shall be solely and exclusively an obligation of
the authority and shall not create an obligation or debt of the state. Such bonds shall not
be general obligations of the authority but shall be payable solely from one or more of the
following sources: (1) Appropriated funds. (2) The income or proceeds realized by the authority
under any mortgage or security granted to the authority. (3) Amounts derived from any letter
of credit, insurance policy, or other form of credit enhancement...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-626.htm - 5K - Match Info - Similar pages
45-46-70.02
Section 45-46-70.02 Powers and authority of board. The board of revenue shall have the power
and authority to direct and control the property of Marengo County as it may deem expedient,
according to law, and to levy a tax for general purposes and special taxes for particular
county purposes, according to the laws of Alabama; to examine, settle, and allow accounts
and claims chargeable against the county; to audit and settle the accounts of all officers
having the care, management, collection, or disbursement of money belonging to the county,
or appropriated to its use and benefit, and may have the books of the officers audited or
examined by accountants, when it deems same necessary; to have the exclusive control of the
convict labor of the county, and the disbursement of the proceeds of same; to regulate and
control the purchase of stationery, supplies, office furniture, fixtures, typewriters, records,
and books for county purposes; to provide for the purchase and payment out of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-46-70.02.htm - 2K - Match Info - Similar pages
11-99-8
Section 11-99-8 Financing of project costs. (a) Payment of project costs may be made by any
of the following methods or any combination thereof: (1) Payment from the tax increment fund
of the tax increment district if the purpose of the payment is one provided for in Section
11-99-6 hereof; (2) Payment out of the general funds of the public entity, such payments being
used either directly by the public entity to pay such costs or used by a third party recipient
of such funds to pay such costs if within a Major 21st Century Manufacturing Zone; (3) Payment
out of the proceeds of the sale of warrants, bonds or notes (whether public improvement bonds
or notes, mortgage bonds, notes or certificates, revenue bonds or notes, or otherwise) issued
by the public entity, such payments being used either directly by the public entity to pay
such costs or used by a third party recipient of such funds to pay such costs if within a
Major 21st Century Manufacturing Zone; (4) Payment out of the proceeds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99-8.htm - 4K - Match Info - Similar pages
16-13-98
Section 16-13-98 Preference and payment of warrants and care of fund. All warrants issued hereunder
by a county or city board of education shall be payable solely from the county or city board
of education's apportioned share of the proceeds of the special tax in respect of which they
were issued, but this shall not prohibit their payment from any other funds which may be available
therefor under any other provision of law; provided, that in no event shall such warrants
be payable from such other funds if the effect thereof would be to subject such warrants to
any constitutional debt limit or to any constitutional requirement that they be authorized
by vote of the qualified voters. All warrants issued hereunder shall be preferred claims against
the county or city board of education's apportioned share of said tax as herein provided.
All valid pledges of the said tax heretofore made, whether made to secure warrants or otherwise,
shall remain valid and effective, and successive pledges...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-98.htm - 4K - Match Info - Similar pages
45-31-141.10
Section 45-31-141.10 Powers of district; bylaws. (a) The district shall constitute a public
corporation, which shall have the power to do any and all acts or things necessary and convenient
for carrying out the purposes for which it is created including, but not limited to, all of
the following: (1) To sue or be sued. (2) To have a seal and alter the same at pleasure. (3)
To acquire, hold, and dispose of property, real and personal, tangible and intangible, or
interests therein and to pay therefor in cash or credit, and to secure and procure payment
of all or any part of the purchase price thereof on such terms and conditions as the board
shall determine. (4) To acquire, own, operate, maintain, and improve a system or systems.
(5) To pledge all or any part of its revenues, mortgage, or otherwise encumber, all or any
part of its property for the purpose of securing the payment of the principal of and interest
on any of its obligations. (6) To sell, lease, mortgage, or otherwise encumber...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-31-141.10.htm - 2K - Match Info - Similar pages
45-33-241
Section 45-33-241 Levy of tax. Pursuant to subsection (f) of Amendment No. 373 to the Constitution
of Alabama of 1901, the Hale County Commission may levy, in addition to any other tax, an
ad valorem tax in the amount of 3 mills on each dollar of taxable property in the county.
The revenue from the additional tax shall be paid to the county general fund to be used exclusively
for payment of the cost of the planning, construction, and equipping of a new county jail,
or for the payment of the principal of and interest on any bonds, warrants, or other obligations
issued by or on behalf of the county to finance the costs of a new jail, as well as the expenses
of issuance of any bonds, warrants, or other obligations. When the costs of planning, constructing,
and equipping a new county jail shall be fully paid or when all bonds, warrants, or other
obligations have been retired, whichever last occurs, the additional tax levied pursuant to
this section shall no longer be collected. (Act...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-33-241.htm - 1K - Match Info - Similar pages
16-16B-7
Section 16-16B-7 (Implementation Conditioned on Separate Legislative Enactment.) Bonds to be
payable solely out of the revenues appropriated; authorization for authority to pledge such
revenues for the bonds. The Bonds shall not be general obligations of the Authority but shall
be limited obligations payable solely out of the residues of the tax receipts appropriated
and pledged in Section 16-16B-6. All Bonds issued by the Authority pursuant to the provisions
of this chapter shall be solely and exclusively obligations of the Authority and shall not
constitute or create an obligation or debt of the State. As security for the payment of the
principal of, premium, if any, and interest on the Bonds, the Authority is hereby authorized
and empowered to pledge the residues of the tax receipts that are appropriated and pledged
in Section 16-16B-6 hereof for such purposes. All such pledges made by the Authority shall
take precedence in the order of the adoption of the resolutions containing the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16B-7.htm - 1K - Match Info - Similar pages
28-7-16
Section 28-7-16 Tax on sale of table wine; disposition of proceeds. (a) Levy. There is hereby
levied in addition to the license taxes provided for by this chapter and municipal and county
license taxes and in addition to any marked-up price made by the board on wine sold by the
board a privilege or excise tax measured by and graduated in accordance with the volume of
sales of table wine containing not more than sixteen and one-half percent alcohol by volume
and shall be an amount equal to forty-five cents ($.45) per liter of table wine containing
not more than sixteen and one-half percent alcohol by volume sold to the wholesale licensee
or board, to be collected from the purchaser by the board or by a licensed retailer. (b) Collection,
Monthly Return, Remittance, Right to Examine Books and Records. (1) The tax levied by subsection
(a) shall be added to the sales price of all table wine containing not more than sixteen and
one-half percent alcohol by volume sold and shall be collected...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/28-7-16.htm - 10K - Match Info - Similar pages
|