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16-25-11.14
Section 16-25-11.14 Purchase of credit for service rendered to authorized employer.
(a) Active and contributing members of the Teachers' Retirement System (TRS) or the Employees'
Retirement System (ERS) may claim and purchase service credit in the system not to exceed
eight years for any period of prior service while they were full-time employees of an employer
who is authorized to join the TRS pursuant to Section 16-25-10.7, but has not elected
to participate. The certification of any prior service claimed by the members under this section
shall conform to applicable administrative rules and procedures of the TRS or ERS. Members
shall receive credit for the prior service when they remit to the system the contributions
required by subsection (b). Notwithstanding the foregoing, no member of the system shall receive
credit for any service that the member is already credited with in the system or any other
public retirement plan, with the exception of the federal Social Security program....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.14.htm - 1K - Match Info - Similar pages
16-25-11.10
Section 16-25-11.10 Purchase of credit for prior service rendered to employer who may
join system pursuant to Section 16-25-10.7 but has not elected to participate. (a)
Active and contributing members of the Teachers' Retirement System may claim and purchase
service credit in the system not to exceed eight years for any period of prior service while
they were full-time employees of an employer who is authorized to join the system pursuant
to Section 16-25-10.7, but has not elected to participate. The certification of any
prior service claimed by the members under this section shall conform to applicable
administrative rules and procedures of the Teachers' Retirement System. Members shall receive
credit for the prior service when they remit to the system the contributions required by subsection
(b). Notwithstanding the foregoing, no member of the system shall receive credit for any service
that the member is already credited with in the system or any other public retirement plan,
with...
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40-9F-36
Section 40-9F-36 Availability of tax credits after December 31, 2022. The tax credits
authorized by this article for the substantial rehabilitation of qualified structures shall
not be available to owners of qualified structures that submit an application and rehabilitation
plan after December 31, 2022. No action or inaction on the part of the Legislature shall reduce
or suspend the tax credits authorized by this article in any past or future calendar year
with respect to a qualified structure if the owner thereof submits an application and rehabilitation
plan with the commission and the commission reserves an allocation for a tax credit on or
prior to December 31, 2022, even if the qualified structure is placed into service after December
31, 2022, and shall not affect the owner of a qualified structure if the commission has reserved
an allocation for a tax credit on or prior to December 31, 2022. (Act 2017-380, §7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-9F-36.htm - 1K - Match Info - Similar pages
41-23-24
Section 41-23-24 Tax incentives; adoption of rules to implement tax credits and incentives;
maximum tax credit per new permanent employee; application of tax credits; tax credits are
in addition to exemptions and credits under Chapter 18 of Title 40; no credits for taxes to
other states. (a) Any provisions of Title 40, Chapter 18, notwithstanding, and specifically
any provisions of Sections 40-18-22, 40-18-35, 40-18-35.1, 40-18-37 and 40-18-38, to the contrary
notwithstanding, the following tax incentives may be available to any business, industry or
manufacturer who complies with the provisions of this article: (1) INCOME TAX CREDIT. There
may be a five-year credit of varying proportions of taxes due from zone operations: first
year, 80 percent; second year, 60 percent; third year, 40 percent; fourth and fifth years,
20 percent. This credit is available for corporations, partnerships, and proprietorships provided
that 30 percent of the new permanent employees were formerly unemployed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-23-24.htm - 3K - Match Info - Similar pages
40-18-394
Section 40-18-394 Promotion of tax credits for small businesses and independently owned
business entities. By December 31, 2016, the Department of Revenue shall create and implement
a program to actively promote to small business owners, tax professionals, and other appropriate
parties the tax credits allowed under the Alabama Small Business Jobs Act created by this
article, the Full Employment Act of 2011, Article 11 of this chapter, the Heroes for Hire
Tax Credit Act of 2012, Article 13 of this chapter, and other tax credits available to small
businesses and independently owned business entities. (Act 2016-188, §6.)...
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40-18-414
Section 40-18-414 (Per Section 40-18-416, this section is repealed following
the close of fiscal year 2020) Site preparation or public infrastructure work; reports. (a)
Upon receipt of funding provided by the tax credit process in Section 40-18-413, the
economic development organization shall proceed with the work that was specified in the application
required by Section 40-18-411. (b)(1) As to a project described in Section 40-18-411(a)(1),
the economic development organization shall report to the Department of Commerce upon the
completion of the site preparation or public infrastructure work, upon the transfer of the
site to an industry or business, and at other times as may be required or requested by the
Department of Commerce. (2) As to a project described in Section 40-18-411(a)(2), the
economic development organization shall report to the Department of Commerce upon the completion
of the work and at such times as may be required or requested by the Department of Commerce.
(c)...
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41-9-218
Section 41-9-218 Definitions. As used in this article, the following terms shall have
the following meanings: (1) APPLICABLE PERCENTAGE. Zero percent for the first credit allowance
date, 8.33 percent for the next six credit allowance dates, for the total of 50 percent. (2)
CREDIT ALLOWANCE DATE. With respect to any qualified equity investment, the date on which
such investment is initially made and each of the six anniversary dates of that date thereafter.
(3) DEPARTMENT. The Department of Commerce. (4) LONG-TERM DEBT SECURITY. Any debt instrument
issued by a qualified community development entity, at par value or a premium, with an original
maturity date of at least seven years from the date of its issuance, with no acceleration
of repayment, amortization, or prepayment features prior to its original maturity date. The
qualified community development entity that issues the debt instrument may not make cash interest
payments on the debt instrument during the period beginning on the...
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11-51-122
Section 11-51-122 Insurance companies - Provision of statement of gross premiums, etc.,
and payment of license tax; effect of failure to file statement or pay tax. On or before March
1 of each year, each insurance company which did any business in any municipality in this
state during any part of the preceding year shall, if a license or privilege tax is imposed
by said municipality on such insurance company, furnish the mayor or a revenue official, of
such municipality a statement in writing duly certified showing the full and true amount of
gross premiums received during the preceding year as provided under this article and shall
accompany such statement with the amount of license tax due according to Sections 11-51-120
and 11-51-121. Failure to furnish such statement or to pay such sum shall subject the company
and its agents to such penalties as the ordinance of such municipality may prescribe for doing
business therein without a license. (Acts 1935, No. 194, p. 256; Code 1940, T....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-51-122.htm - 1K - Match Info - Similar pages
27-10-31
Section 27-10-31 Annual tax of surplus line brokers. (a) On or before the first day
of March each year, the surplus line broker shall remit to the State Treasurer through the
commissioner, as a tax imposed for the privilege of transacting business as a surplus line
broker in this state, a tax of six percent on the direct premiums, less return premiums and
exclusive of sums collected to cover state or federal taxes, on surplus line insurance subject
to tax transacted by the broker during the preceding calendar year as shown by the annual
statement filed with the commissioner. (b) The tax under the provisions of this section
shall be subject to deduction of the full amount of all expenses of examination of the surplus
line broker by the commissioner in the same manner as that allowed for domestic insurers for
examination expenses under the provisions of subdivision (5) of subsection (c) of Section
27-4A-3. All taxes collected under this section shall be deposited in the State Treasury
to...
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36-27-48.1
Section 36-27-48.1 Credit in system for period of service for which position excluded.
(a) Any active and contributing member of the Employees' Retirement System who is an employee
of an employer participating in the system pursuant to Section 36-27-6, and whose current
position was once excluded by the employer from participating in the system, may receive credit
in the system for the period of full-time service for which his or her position was excluded
by the employer from participating in the system, provided the member claiming the credit
has been continuously employed by the employer since January 1, 1987, and the member performs
and complies with the conditions prescribed in subsection (b) of this section. (b)
A member of the Employees' Retirement System eligible to purchase credit in the system under
subsection (a) of this section shall receive the credit after satisfying the following
conditions: (1) Each person eligible to claim and purchase the credit for service under...
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