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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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45-35-244
Section 45-35-244 Definitions. (a) The following words, terms, and phrases as used in
this subpart shall have the following respective meanings except where the context clearly
indicates a different meaning: (1) COUNTY. Houston County in the State of Alabama. (2) COUNTY
GROSS RECEIPTS TAX AREA. All of Houston County. (3) FISCAL YEAR. The period commencing on
October 1 of each calendar year and ending on September 30 of the next calendar year. (4)
ITS DESIGNEE or DESIGNEE. Any entity, person, or corporation, including, but not limited to,
the State Department of Revenue, designated by resolution of the Houston County Commission
to act for or on behalf of the Houston County Commission to perform all or any part of the
rights, functions, and duties of the Houston County Commission given, delegated, or set forth
in this subpart. (5) MONTH. A calendar month. (6) QUARTERLY PERIOD. The period of three months
ending on the last day of each March, June, September, and December. (7) REGISTERED...
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45-37A-51.284
Section 45-37A-51.284 Actuarial assumptions. (a) Effective date. Except as provided
by the Pension Benefit Guaranty Corporation (PBGC) and the Internal Revenue Service, the limitations
of this section shall first apply in determining the amount payable to a participant
having an annuity starting date in a fiscal year beginning on or after January 1, 2008. (b)
Applicable interest rate. For purposes of the fund's provisions relating to the calculation
of the present value of a benefit payment that is subject to § 417(e), Internal Revenue Code,
as well as any other fund provision referring directly or indirectly to the applicable interest
rate or applicable mortality table used for purposes of § 417(e), Internal Revenue Code,
any provision prescribing the use of the annual rate of interest on 30-year United States
Treasury securities shall be implemented by instead using the rate of interest determined
by applicable interest rate described by § 417(e), Internal Revenue Code, after its...
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45-43-241
Section 45-43-241 Ad valorem tax authorized. (a) Pursuant to subsection (f) of Amendment
373 to the Constitution of Alabama of 1901, the Lowndes County Commission, in addition to
any other tax, may levy an ad valorem tax in the amount of three mills on each dollar of taxable
property in the county. The tax herein authorized, if levied, shall begin on the tax year
beginning October 1, 2003. The revenue from the additional tax shall be paid to the county
general fund to be used for county general fund purposes by the county commission, including,
but not limited to, funding the E911 system and fire departments and fire protection. (b)
The increase in the rate of the tax as provided by this section is subject to the approval
of a majority of the qualified electors of the county who vote on the proposed increase at
the next general, primary, constitutional, or special election held for that purpose. (Act
2002-326, p. 895, § 1; Act 2002-327, p. 895, § 1.)...
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10A-20-10.01
Section 10A-20-10.01 Restrictions; powers of courts and Attorney General not impaired.
(a) Notwithstanding any provision to the contrary in the certificate of formation, other governing
instrument, or under any other law of this state, and except as otherwise provided by court
order, or by a provision in the certificate of formation or other governing instrument, which
in either case is entered or made after August 11, 1971, and expressly limits the applicability
of this section, a corporation which is, or is treated as, a private foundation, as
defined in Section 509 of the Internal Revenue Code of 1986, as amended, during the
period it is, or is treated as, a private foundation: (1) Shall not engage in any act of self-dealing
as defined in Section 4941 (d) thereof; (2) Shall distribute, for the purposes specified
in its certificate of formation, for each taxable year not less than the amounts at the time
and in the manner as not to become subject to the tax on undistributed income...
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2-6-12
Section 2-6-12 Annual appropriation. (a) Beginning in the fiscal year ending September
30, 2013, and in each fiscal year thereafter there shall be appropriated from the State General
Fund to the Alabama Agriculture Center Board the sum of eight hundred thousand dollars ($800,000).
(b) This annual appropriation shall be in addition to any and all other appropriations to
the Alabama Agriculture Center Board. The annual appropriation to the board in the amount
of eight hundred thousand dollars ($800,000) shall continue in each succeeding fiscal year
as long as a restoration, renovation, and improvement agreement of at least thirty million
dollars ($30,000,000) remains in effect between the board and any public institution or corporation
of the State of Alabama for the renovation and rehabilitation of Garrett Coliseum and the
Alabama Agriculture Center, located in Montgomery, Alabama. (c) In the fiscal year following
the expiration or termination of the above agreement, the provisions of...
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34-14B-4
Section 34-14B-4 Certificate of licensure. (a) The certificate of licensure shall be
initially issued only to properly qualified home inspectors for a period commencing on the
date of issue and expiring on December 31. Certificates of licensure shall be renewed for
a term of one year beginning on January 1 of the year in which renewed and expiring on December
31 of that year. Certificates of licensure shall be renewed on or before 60 days prior to
the expiration date. The Building Commission shall issue certificates of licensure to applicants
upon applicants' compliance with the licensure requirements of this chapter, and records of
certificates and any renewals thereof shall be filed in the office of the Building Commission
and be available to the public. (b) The Building Commission may adopt administrative rules
and procedures for the purpose of revoking or suspending a certificate of licensure upon a
finding by the Building Commission that the licensed home inspector has either...
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34-27-35
Section 34-27-35 License certificates generally. (a) The commission shall prescribe
the form and content of license certificates issued. Each qualifying broker's license certificate
shall show the name and business address of the broker. The license certificate of each active
salesperson or associate broker shall show his or her name and address. The license certificate
of each active salesperson or associate broker shall be delivered or mailed to his or her
qualifying broker. Each license certificate shall be kept by the qualifying broker and shall
be publicly displayed at the address which appears on the license certificate. (b) The commission
may establish a one-year or multi-year license period. (c)(1) The fee for a temporary license
shall be one hundred fifty dollars ($150). The original fee for a broker's license shall be
one hundred fifty dollars ($150) and, beginning with the license period effective October
1, 2002, the renewal fee for a broker's license shall be seventy-five...
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40-18-31
Section 40-18-31 Corporate income tax - Generally. (a) A corporation subject to the
tax imposed by Section 40-18-2 shall pay a tax equal to six and one-half percent of
the taxable income of the corporation, as defined in this chapter. (b) If the taxpayer elects
to file an Alabama consolidated return under Section 40-18-39, the tax shall be assessed,
collected, and paid annually for each taxable year at the rate specified in subsection (a),
upon and with respect to the taxable income of the Alabama affiliated group. (Acts 1935, No.
194, p. 256; Code 1940, T. 51, §398; Acts 1963, 2nd Ex. Sess., No. 104, p. 284, §1; Act
98-502, p. 1083, §1; Act 99-664, 2nd Sp. Sess., p. 124, §1.)...
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16-13-281
Section 16-13-281 Average salaries to match national average; funding; compliance. (a)
The average salary of Alabama teachers, including the State Minimum Salary Schedule, local
salary supplementals, state incentive pay such as National Board of Professional Teaching
Standards certification, and any other salary compensation paid to Alabama teachers, shall
be increased to the national average for teacher salaries as provided in this article. Beginning
in the fiscal year 2001-2002, and continuing each fiscal year thereafter until such time as
the Alabama teacher salary average has reached the national average for teacher salaries,
there shall be allocated 41.15 percent of the growth in the Education Trust Fund for teacher
salaries. The 41.15 percent of the growth shall not apply to any future new revenue source
to the Education Trust Fund, including any revenue generated from an increase in the rate
or a substantial change in the base of existing revenue sources. Provided, however, an...
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