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40-18-342
Section 40-18-342 Tax credit for equipment and conversion costs. (a)(1) Subject to subdivision
(2), for all tax years beginning after December 31, 2011, until tax year ending December 31,
2017, there shall be allowed to any agricultural trade or business an income tax credit equal
to 20 percent of the cost of the purchase and installation of any qualified irrigation equipment
and any conversion costs related to the conversion of irrigation equipment from fuel to electricity
or qualified reservoirs. For a surface water withdrawal irrigation system to be eligible for
credit, the irrigation system must operate utilizing a qualified reservoir, except when the
surface water withdrawal is directly from any river or stream whose average annual flow exceeds
8,000 cubic feet per second. A qualified reservoir is not required for a ground water withdrawal
irrigation system. The credit shall be equal to 20 percent of the accrued cost of the qualified
irrigation equipment and the cost of...
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37-11C-6
Section 37-11C-6 Duration of tax credits. The tax credit allowed under this chapter shall be
effective for the 2020 tax year and shall continue through the 2022 tax year, unless extended
by act of the Legislature. (Act 2019-459, §6.)...
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40-18-424
Section 40-18-424 (Credit expires after 2025 tax year unless extended.) Duration. The tax credits
allowed under this article shall be effective January 1, 2017, for the 2017 taxable year and
shall continue through the 2025 tax year, unless extended by act of the Legislature. (Act
2016-314, p. 784, §5; Act 2019-506, §8.)...
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37-11C-4
Section 37-11C-4 Allowance and claim of tax credits; Railroad Rehabilitation Income Tax Credit
Account; written transfer agreements. (a) For tax years beginning after December 31, 2019,
there is a credit allowed against the state income tax levied by Section 40-18-2 equal to
50 percent of an eligible taxpayer's qualified railroad rehabilitation expenditures. The tax
credit allowed under this section may not exceed three thousand five hundred dollars ($3,500)
multiplied by the number of miles of railroad track owned or leased within the state by the
eligible taxpayer at the close of the taxable year. (b) There is created within the Education
Trust Fund a separate account named the Railroad Rehabilitation Income Tax Credit Account.
The Commissioner of Revenue shall certify to the state Comptroller the amount of income tax
credits under this section and the state Comptroller shall transfer into the Railroad Rehabilitation
Income Tax Credit Account only the amount from sales tax revenues...
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40-18-423
Section 40-18-423 (Credit expires after 2025 tax year unless extended.) Rulemaking authority;
annual report. (a) The Alabama Office of Apprenticeship, under the direction of the Workforce
Development Division of the Department of Commerce, with the consultation of the Board of
Trustees of the Alabama Community College System or its designee, may adopt any rules necessary
to establish standards for participation and eligibility and to implement and administer this
article. The Alabama Office of Apprenticeship shall consult with the Department of Revenue
to coordinate implementation and administration of this article. (b) The Alabama Office of
Apprenticeship shall provide an annual report to the Chair of the House Ways and Means Education
Committee and the Chair of the Senate Finance and Taxation Education Committee to account
for the effectiveness of the apprenticeship program under this article. (Act 2016-314, p.
784, §4; Act 2019-506, §8.)...
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40-9F-38
Section 40-9F-38 Historic Tax Credit Evaluating Committee. (a) There is hereby established
the Historic Tax Credit Evaluating Committee, which shall review qualifying projects, approve
credits for projects, and rank projects in the order in which the projects should receive
tax credit reservations based on criteria established by the commission. The commission shall
establish a review cycle for the committee beginning on January 1, 2018, provided that the
committee shall meet at least quarterly unless no credits remain to be allocated. The Commissioner
of Revenue shall be a non-voting member of the committee and provide advisory and technical
support. The committee shall consist of the following: (1) Director of the Governor's Office
of Minority Affairs. (2) The Executive Director of the Alabama Historical Commission. (3)
The Finance Director. (4) The Director of the Alabama Department of Economic and Community
Affairs. (5) The Secretary of Commerce. (6) Two members of the Alabama...
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40-18-413
Section 40-18-413 (Per Section 40-18-416, this section is repealed following the close of fiscal
year 2020) Scope and use of Growing Alabama Credits. (a) A taxpayer is allowed a Growing Alabama
Credit to be applied against the tax levied by this chapter. In no event shall the Growing
Alabama Credit cause a taxpayer's income tax liability to be reduced by more than 50 percent.
Unused credits may be carried forward for no more than five years. (b) Growing Alabama Credits
shall be granted to taxpayers using an online system administered by the Department of Revenue.
The online system shall allow taxpayers to agree to make a cash contribution to an economic
development organization which was approved by the Renewal of Alabama Commission, as provided
in Section 40-18-412. The online system shall ensure that credits are not granted for contributions
to an economic development organization in excess of the amounts approved by the Renewal of
Alabama Commission, as provided in Section...
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40-18-78
Section 40-18-78 Credit for tax withheld. The amount deducted and withheld as tax under Section
40-18-71 during any calendar year upon the wages of any individual shall be allowed as a credit
to the recipient of the income against the tax imposed by Section 40-18-5 for taxable years
beginning in such calendar year. If more than one taxable year begins in such calendar year,
such amount shall be allowed as a credit against the tax for the last taxable year so beginning.
(Acts 1955, No. 289, p. 661, §9.)...
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40-18-15.3
Section 40-18-15.3 Deductions for health insurance premiums. (a) As used in this section, the
following terms shall have the following meanings: (1) QUALIFYING EMPLOYEES. Alabama resident
employees who are employed by qualifying employers, earn no more than $50,000 of wages in
the applicable tax year, and report no more than $75,000 of adjusted gross income on their
Alabama individual income tax return ($150,000 if married filing jointly) for the applicable
year. (2) QUALIFYING EMPLOYERS. Employers with less than 25 employees. (b) For tax years beginning
after December 31, 2010, in addition to any other Alabama income tax deduction that a qualifying
employee may be entitled to with respect to the payment of health insurance premiums, qualifying
employees shall be allowed to deduct from Alabama gross income 100 percent of the amounts
they pay as health insurance premiums as part of an employer provided health insurance plan
provided by a qualifying employer. (c) In addition to any other...
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40-18-361
Section 40-18-361 Tax credit for certain adoptions. A taxpayer shall be allowed a one time,
refundable credit against the tax imposed by Section 40-18-2, for a private adoption or the
adoption of a qualified foster child. The amount of such credit shall be one thousand dollars
($1,000) per child adopted through a private adoption or qualified foster child to be claimed
in the year in which the adoption becomes final. (Act 2014-413, p. 1517, §2; Act 2018-549,
§1.)...
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