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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11C-4.htm - 5K - Match Info - Similar pages

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-342.htm - 6K - Match Info - Similar pages

40-18-136
Section 40-18-136 Credit to employer. Beginning with tax year 1993, a tax credit of
20 percent of the actual costs of education shall be provided to an employer who provides
or sponsors an approved basic skills education program pursuant to this article. (Acts 1993,
1st Ex. Sess., No. 93-907, p. 204, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-136.htm - 615 bytes - Match Info - Similar pages

40-18-137
Section 40-18-137 Credit limited to income tax liability. The tax credit available to
an employer pursuant to this article shall be limited to the amount of the employer's income
tax liability for the taxable year as computed without regard to this article. (Acts 1993,
1st Ex. Sess., No. 93-907, p. 204, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-137.htm - 618 bytes - Match Info - Similar pages

40-18-421
Section 40-18-421 (Credit expires after 2021 tax year unless extended.) Definitions.
For the purposes of this article, the following terms shall have the following meanings: (1)
APPRENTICE. A worker at least 16 years of age, except where a higher minimum age standard
is otherwise fixed by law, who is employed to learn an apprenticeable occupation as provided
in 29 C.F.R. Part 29.4. The term includes a person who is compensated by a third party but
whose apprenticeable work occurs under the supervision of an eligible employer. (2) APPRENTICESHIP
AGREEMENT. A written agreement, complying with 29 C.F.R. Part 29.2 between an apprentice and
either the apprentice's program sponsor, or an apprenticeship committee acting as agent for
the program sponsors, which contains the terms and conditions of the employment and training
of the apprentice. (3) DIVISION. The Workforce Development Division of the Department of Commerce.
(4) ELIGIBLE EMPLOYER. A taxpayer who employs an apprentice pursuant to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-421.htm - 1K - Match Info - Similar pages

40-18-321
Section 40-18-321 Availability of tax credit. In addition to the tax credit allowed
for in the Full Employment Act of 2011 or the Alabama Small Business and Agribusiness Jobs
Act, an additional one thousand dollar ($1,000) tax credit is available to a business that
meets the requirements for a tax credit under Section 40-18-290 through 40-18-293 or
Sections 40-18-391 and 40-18-392, for each unemployed or combat veteran hired for a full-time
position paying at least fourteen dollars ($14) per hour, the majority of the duties of which
are at a business location within Alabama. The additional credit shall be available in the
tax year during which the employee has completed 12 months of consecutive employment. (Act
2012-168, p. 254, §2; Act 2016-188, p. 435, §5; Act 2018-194, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-321.htm - 1K - Match Info - Similar pages

40-9F-32
Section 40-9F-32 Procedures for rehabilitation of qualified structures; tax credits;
review; audit; fees; report to Legislature. (a) The commission shall develop standards for
the approval of the substantial rehabilitation of qualified structures for which a tax credit
is sought. The standards shall take into account whether the substantial rehabilitation of
a qualified structure is consistent with the historic character of the structure or of the
Registered Historic District in which the property is located. (b) Prior to beginning any
substantial rehabilitation work on a qualified structure, the owner shall submit an application
and rehabilitation plan to the commission and an estimate of the qualified rehabilitation
expenditures under the rehabilitation plan; provided, however, that the owner, at its own
risk, may incur qualified rehabilitation expenditures no earlier than six months prior to
the submission of the application and rehabilitation plan that are limited to architectural,...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-9F-32.htm - 10K - Match Info - Similar pages

40-9F-4
Section 40-9F-4 Tax credits calculated, claimed, reserved, granted; transfer or assignment
of tax credits. (a) The state portion of any tax credit against the tax imposed by Chapters
16 and 18, for the taxable year in which the certified rehabilitation is placed in service,
shall be equal to 25 percent of the qualified rehabilitation expenditures for certified historic
structures, and shall be 10 percent of the qualified rehabilitation expenditures for qualified
pre-1936 non-historic structures. No tax credit claimed for any certified rehabilitation may
exceed five million dollars ($5,000,000) for all allowable property types except a certified
historic residential structure, and fifty thousand dollars ($50,000) for a certified historic
residential structure. (b) The entire tax credit may be claimed by the taxpayer in the taxable
year in which the certified rehabilitation is placed in service. Where the taxes owed by the
taxpayer are less than the tax credit, the taxpayer shall not be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-9F-4.htm - 5K - Match Info - Similar pages

16-60-351
Section 16-60-351 Credit for qualifying education expenses. (a)(1) For tax years commencing
January 1, 2015, and thereafter, a taxpayer who files a state income tax return and is not
a dependent of another taxpayer may claim a tax credit for a contribution made to the Department
of Postsecondary Education for qualifying educational expenses directly associated with the
Career-Technical Dual Enrollment Program as defined by State Board of Education policy. (2)
The tax credit may be claimed by the taxpayer in an amount equal to 50 percent of the total
contribution or contributions made to the Department of Postsecondary Education during the
taxable year for which the credit is claimed, but such credit is not to exceed an amount greater
than 50 percent of the taxpayer's total Alabama income tax liability, and in no case more
than five hundred thousand dollars ($500,000) for any given tax year. (3) The cumulative amount
of tax credits issued pursuant this article shall not exceed five...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-60-351.htm - 2K - Match Info - Similar pages

16-25-11.20
Section 16-25-11.20 Purchase of credit for time on medical leave or full-time employment
with Legislature, etc. (a) Any active and contributing member of the Teachers' Retirement
System may claim and purchase service credit in the system for any prior service described
and limited as follows: (1) Not more than one year for time spent on medical leave approved
by the state or local employer. (2) Not more than 10 years for full-time employment with the
Alabama Legislature. (3) Not more than four years for full-time employment with a subsidiary
affiliate organization of an employer which has continually participated in the system since
its inception. (b) The purchase of any prior service credit under subsection (a) may occur
at any time prior to the member's date of retirement. The certification of prior service claimed
under this section shall conform to applicable administrative rules and procedures
of the Teachers' Retirement System. Members shall receive credit for the prior service...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.20.htm - 1K - Match Info - Similar pages