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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40-18-342
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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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.)...
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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.)...
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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...
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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.)...
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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,...
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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...
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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...
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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...
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