40-18-392
Section 40-18-392 (Tax credit expires January 1, 2019, per subsection (g)). Qualifications
for and applicability of tax credit. (a) An Alabama small business tax credit is hereby allowed
for any Alabama small business employer that creates a new job and hires a new full-time employee
to fill that job. The credit shall be a one-time credit equal to one thousand five hundred
dollars ($1,500) for each qualified new employee, and shall only be applicable to a tax year
in which the new employee has completed 12 months of consecutive full-time employment with
the employer. (b) To qualify for the credit, the employer must have a net employee growth
as of the last date of each tax year during which the employer claims a credit pursuant to
this article. The net employee growth must equal or exceed the number of qualified new employees
for which a credit is sought in the current or applicable tax year, plus the total number
of qualified new employees for whom credits were claimed pursuant to...
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40-18-312
Section 40-18-312 Distributions from catastrophe savings account; additional tax. (a) A distribution
from a catastrophe savings account must be included in the income of the taxpayer unless the
amount of the distribution is used to cover qualified catastrophe expenses. (b) No amount
is included in income, pursuant to subsection (a), if the qualified catastrophe expenses of
the taxpayer during the taxable year are equal to or greater than the aggregate distributions
during the taxable year. (c) If aggregate distributions exceed the qualified catastrophe expenses
during the taxable year, the amount otherwise included in income must be reduced by the amount
of the distributions for qualified catastrophe expenses. (d)(1) The tax paid pursuant to Section
40-18-5, attributable to a taxable distribution must be increased by two and one-half percent
of the amount which is includable in income. (2) This additional tax does not apply if any
of the following occur: a. The taxpayer no longer owns...
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40-18-422
Section 40-18-422 (Credit expires after 2025 tax year unless extended.) Tax credit for eligible
employers of apprentices. (a) For tax years beginning on or after January 1, 2017, through
the tax year beginning January 1, 2019, an Alabama income tax credit is allowed for eligible
employers that employ an apprentice for at least seven full months of the prior taxable year.
The credit shall equal up to one thousand dollars ($1,000) for each apprentice employed, not
to exceed five apprentices employed. The Department of Revenue, in consultation with the Workforce
Development Division of the Department of Commerce, shall establish a scale reflecting ranges
of amounts of money an employer has invested in an eligible apprentice and a corresponding
tax credit amount and shall award the tax credit in accordance with this scale following confirmation
from the Workforce Development Division that the apprentice for whom the credit is claimed
is in compliance with all federal and state requirements...
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40-9F-3
Section 40-9F-3 Standards for approval; application, rehabilitation plan; review; certification;
tax credit certification; 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...
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41-9-219.4
Section 41-9-219.4 Recapture of tax credit; notice (a) The Department of Revenue shall recapture,
from the taxpayer that claimed or is entitled to claim the credit on a return, the tax credit
allowed under this article if, at any time during the seven-year period beginning on the date
of the original issue to the qualified equity investment in a qualified community development
entity, one of the following occurs: (1) Where any amount of the federal tax credit available
with respect to a qualified equity investment that is eligible for a tax credit under this
article is recaptured under Section 45D of the Internal Revenue Code of 1986, as amended,
the Department of Revenue's recapture shall be proportionate to the federal recapture with
respect to that qualified equity investment, and may then reallocate the recaptured credits
to other qualified taxpayers in the year of recapture, without regard for the annual allocation
limitation found in Section 41-9-219.2. (2) The Department of...
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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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40-18-78
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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40-18-322
Section 40-18-322 Eligibility for tax credit. For all tax years beginning on or after January
1, 2018, a qualified employer subject to the requirements of this article and Sections 40-18-290
through 40-18-293 shall be eligible for an additional nonrefundable credit against the income
tax liability imposed or the state portion of the financial institution excise tax owed in
an amount equal to two thousand dollars ($2,000) for each new unemployed or combat veteran
hired after March 12, 2018, 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, §3; Act 2018-194, §3.)...
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16-31-3
Section 16-31-3 Credit to account of beneficiary. Any person, male or female, otherwise entitled
to admission as a student or pupil in such institution of learning, and such only, and who
presents to the proper authorities of same a certificate signed by the commander or president
and countersigned by the chairman of the scholarship committee of such American Legion or
American Legion Auxiliary of Alabama which had donated such $1,250.00 under the provisions
of this chapter, granting to him or her a scholarship under the terms of this chapter, shall
be entitled to be admitted at such institution as entitled to the benefits of this chapter.
And when so admitted, he or she shall be given credit on the books of such institution for
the sum of $100.00, to be applied to the end and purpose of defraying his or her board and
such fees or other charges as that amount would cover over and above board, for the session
during which or for which he or she applies for admission. (Acts 1936-37, Ex....
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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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