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41-7A-43
Section 41-7A-43 Rebates for qualified production companies. (a) Beginning January 1, 2009,
a qualified production company shall be entitled to a rebate for production expenditures,
as defined in subdivision (7) of Section 41-7A-42, related to a state-certified production.
The rebate shall be equal to 25 percent of the state-certified production's production expenditures
excluding payroll paid to residents of Alabama plus 35 percent of all payroll paid to residents
of Alabama for the state-certified production, provided the total production expenditures
for a project must equal or exceed at least five hundred thousand dollars ($500,000), but
no rebate shall be available for production expenditures incurred after the first twenty million
dollars ($20,000,000) of production expenditures expended in Alabama on a state-certified
production. (b) A single episode in a television series or miniseries may be considered a
single production project for purposes of this section. However, in...
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10A-20-6.13
Section 10A-20-6.13 Deposit of securities with State Treasurer. Every health care service corporation
shall deposit with, and thereafter maintain on deposit with, the Treasurer of the State of
Alabama bonds of the United States government or of the State of Alabama, or of any subdivision
thereof, or first mortgages on real estate situated in Alabama securing an indebtedness not
in excess of 50 percent of the appraised value thereof, subject to the approval of the Commissioner
of Insurance, in an amount to be determined as of the first day of January of each year as
follows: (1) Every company whose gross annual premium receipts from business done within this
state for the preceding year ending December 31 are less than fifty thousand dollars ($50,000)
shall so deposit and maintain securities of par and market value not less than five thousand
dollars ($5,000); (2) Every company whose gross annual premium receipts so computed are in
excess of fifty thousand dollars ($50,000) and less...
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27-15-81
Section 27-15-81 Consistency of progression of cash surrender values with increasing policy
duration. (a) This section, in addition to all other applicable sections of this article,
shall apply to all policies issued on or after January 1, 1985. Any cash surrender value available
under the policy in the event of default in a premium payment due on any policy anniversary
shall be in an amount which does not differ by more than two-tenths of one percent of either
the amount of insurance, if the insurance be uniform in amount, or the average amount of insurance
at the beginning of each of the first 10 policy years, from the sum of: (1) The greater of
zero and the basic cash value hereinafter specified. (2) The present value of any existing
paid-up additions, less the amount of any indebtedness to the insurer on account of or secured
by the policy. (b) The basic cash value shall be equal to the present value, on such anniversary,
of the future guaranteed benefits which would have been...
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27-2-39
Section 27-2-39 Creation of Insurance Department Fund; payment of fees, etc. (a) There is created
a fund in the State Treasury designated the "Insurance Department Fund" to be used
for the operation of the Department of Insurance. Receipts deposited into this fund shall
be disbursed only by warrants of the state Comptroller drawn upon the State Treasury on itemized
vouchers approved by the Commissioner of Insurance. No funds shall be withdrawn or expended
except as budgeted and allotted according to Sections 41-4-80 to 41-4-96, inclusive, and 41-19-1
to 41-19-12, inclusive, and only in amounts as stipulated in the general appropriations act,
other appropriation acts, or this section. At the end of each fiscal year, any unencumbered
and unexpended balance of up to 25 percent of the amount appropriated for that fiscal year
shall not revert to the State General Fund under Section 41-4-93, but shall carry over to
the next fiscal year. (b) Notwithstanding any other provision of law, the...
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27-4-8
Section 27-4-8 Annual license fee of life insurers organized to aid nonprofit educational and
scientific institutions. Annuity considerations and premiums received by a life insurer licensed
to transact business in this state and which is organized and operated without profit to any
private shareholder or individual and exclusively for the purpose of aiding nonprofit education
and scientific institutions by issuing insurance or annuity contracts only for the benefit
of such institutions and individuals employed in the services thereof at the time such policy
or contract is issued shall not be subject to the payment of a privilege tax based upon premiums
or annuity considerations under the provisions of this chapter or any other law of this state.
In lieu of such privilege tax upon premiums and annuity considerations, such nonprofit company
shall pay an annual license fee of $5,000.00 to the commissioner for the privilege of transacting
an insurance business in this state. The initial...
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36-1-4.2
Section 36-1-4.2 Deductions from salaries of firefighters; procedure. All laws to the contrary
notwithstanding, every political subdivision of this state which employs full-time firefighters
shall adopt policies or regulations which will provide for deductions from the salaries of
its firefighters or groups of firefighters whenever a written request for such deductions
is submitted to the governing body of the (employer) political subdivision. Such deductions
shall be made on a monthly basis and shall be remitted to the appropriate company, association
or organization as specified by the employees within 10 days following each deduction. Such
deductions may be made for, but not limited to, tax sheltered annuities, membership dues,
the Public Employees' Individual Retirement Account Fund, voluntary contributions and group
insurance premiums. Deductions for membership dues shall be made based upon membership lists
and forms provided by the employees' organization. Such lists are to be...
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40-14B-8
Section 40-14B-8 Report upon receipt of certified capital; annual report; financial statement.
(a) Each certified capital company shall report to the Alabama Development Office as soon
as practicable after the receipt of certified capital the following: (1) The name of each
certified investor from whom the certified capital was received, including the certified investor's
insurance premium tax identification number. (2) The amount of each certified investor's investment
of certified capital and premium tax credits. (3) The date on which the certified capital
was received. (b) Not later than January 31 of each year, each certified capital company shall
report to the Alabama Development Office all of the following: (1) The amount of the company's
certified capital at the end of the preceding year. (2) Whether or not the company has invested
more than 15 percent of its total certified capital in any one business. (3) Each qualified
investment that the company made during the preceding...
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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...
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45-28-244.01
Section 45-28-244.01 Levy and collection of tax; disposition of funds; Etowah County Development
Committee. (a) In Etowah County, there is levied a one cent ($0.01) county sales and use tax
in all areas of the county, which may become effective no sooner than January 1, 1996. (b)
The tax shall parallel the state sales and use taxes including exemptions therefrom and enforcement
proceedings therefor. The Etowah County Commission may administer and collect this tax, or
contract with a private entity or the State Department of Revenue to administer and collect
this tax, and provide for enforcement penalties by resolution. The county commission, the
State Department of Revenue, or a private entity collecting the tax may retain an amount or
percentage of the total proceeds collected in such an amount as may be agreed upon by the
members of the county commission, but in no event shall the charge exceed two percent of the
total amount of tax collected under this section. (c) The net proceeds...
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24-1A-42
Section 24-1A-42 Definitions. As used in this article, the following terms shall have the following
meanings: (1) ALABAMA HOME BUYERS INITIATIVE. A program that includes a conventional mortgage
program not to exceed one billion dollars ($1,000,000,000) in aggregate loan amount to be
administered by the program administrator, under which single family mortgage loans, as defined
in Section 24-1A-2, are purchased by the program administrator and sold to the initial holder,
and one or more alternative housing programs. No mortgage loan shall be made to any person
who is not a citizen of the United States or is not legally present in the United States with
appropriate documentation from the federal government. (2) ALTERNATIVE HOUSING PROGRAM. Any
program or other activity that is certified to the State Treasurer by the program administrator
under Section 24-1A-44(c)(2), that will be administered by the program administrator, and
that will promote home ownership in Alabama, including,...
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