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40-18-19
Section 40-18-19 Exemptions - Generally. (a) The following exemptions from income taxation
shall be allowed to every individual resident taxpayer: (1) Retirement allowances, pensions
and annuities, or optional allowances, approved by the Board of Control of the Teachers' Retirement
System of Alabama, which exempt status is set out in Section 16-25-23. (2) Retirement allowances,
pensions and annuities or optional allowances, approved by the Board of Control of the Employees'
Retirement System of Alabama, which exempt status is set out in Section 36-27-28. (3) The
first eight thousand dollars ($8,000) of any retirement compensation, retirement allowances,
pensions and annuities, or optional allowances, received by any eligible firefighter, as defined
in Sections 36-32-1 and 36-32-2, or his or her designated beneficiary, from any firefighting
agency established in the State of Alabama, but only if such retirement compensation, retirement
allowances, pensions and annuities, or optional...
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41-10-44.9
Section 41-10-44.9 Establishment of tax increment funds. In order to provide a method of financing
project costs other than by the issuance of project obligations payable from the amounts required
to be paid by an approved company under a financing agreement, the authority may establish
one or more tax increment funds with respect to a project, into which the authority and an
approved company may agree that the approved company will deposit either or both of the following:
(i) an annual amount equal to the amount of corporate income tax levied by Section 40-18-31
that otherwise would be owed by the approved company on its income generated by or arising
from such project, and (ii) the aggregate job development fees withheld by the approved company
as provided in Section 41-10-44.7. The authority may also arrange for any gifts, grants, loans,
appropriations or other forms of aid from the federal or state governments or from any other
public or private entity to be paid into a tax...
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41-10-67
Section 41-10-67 Awarding, etc., of contracts for construction of facilities, buildings and
structures; supervision, etc., of construction; payments to contractors; agreement of authority
and Building Commission as to construction cost estimate. All facilities, buildings and structures
constructed by the authority shall be constructed according to plans and specifications of
architects or engineers selected by the authority. Such construction shall be done under the
supervision and direction of the Building Commission or any agency designated by the Legislature
as its successor following award for each part of the work to the lowest responsible bidder
after advertising for receipt and public opening of sealed bids; provided, that the invitations
for bids and the bidding documents shall be so arranged that any alternates from the base
bid shall constitute cumulative deductions from the base bid; and, in determining the lowest
bidder, if funds are insufficient to construct the...
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45-37-30
Section 45-37-30 Cemetery Board. (a) For the purposes of this section, the following terms
shall have the following meanings: (1) BOARD. The Jefferson County Cemetery Board. (2) CEMETERY.
Any for profit cemetery in the county where property is used or intended to be used for the
interment of human remains, including, but not limited to, any property containing a grave,
lot, crypt, niche, or mausoleum and any gravestone, headstone, or other marker therein. (3)
MAINTENANCE. The act of maintaining a cemetery, including, but not limited to, the cutting
and trimming of the lawn, shrubs, and trees. (4) NEGLECTED CEMETERY. A cemetery that has become
abandoned or neglected in any of the following ways: a. Weeds, briars, bushes, or trees have
become overgrown. b. Fences have become broken, decayed, or dilapidated. c. Graves, lots,
crypts, niches, mausoleums, and markers and roads, buildings, or other structures in a cemetery
have become damaged, broken, dilapidated, or destroyed. (b)(1) The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-30.htm - 5K - Match Info - Similar pages
14-2-28
Section 14-2-28 Facilities - Construction. All facilities constructed by the authority shall
be constructed according to plans and specifications of architects or engineers, or both,
selected by the department. Such plans and specifications shall be approved by the department
and by the commission. All work in the construction of facilities, or any part thereof, which
is determined by the commission to be suitable and proper for construction by prison labor
under force account shall be performed by such prison labor under such supervision and directions
as shall be ordered by the department. All construction of facilities or any part thereof
which the commission shall determine not to be suitable and proper for construction by prison
labor shall be done under the supervision and direction of the commission following award
for each part of the work to the lowest responsible bidder after advertising for, receipt
and public opening of sealed bids. Each such invitation for bids and the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/14-2-28.htm - 3K - Match Info - Similar pages
16-33C-25
Section 16-33C-25 Administration of programs. (a) In acquiring, investing, reinvesting, exchanging,
retaining, selling, and managing property for the benefit of the ABLE Program and ACES Program,
the Savings Board, and any person, investment manager, or committee to whom the Savings Board
delegates any of its investment authority, shall act as trustee and shall exercise the judgment
and care under the circumstances then prevailing which persons of prudence, discretion, and
intelligence exercise in the management of their own affairs, not in regard to speculation
but to permanent disposition of funds, considering the probable income as well as the safety
of their capital. (b) No Savings Board member nor any person, investment manager, or committee
to whom the Savings Board delegates any of its investment authority who acts within the standard
of care set forth in subsection (a) shall be held personally liable for any losses, damages,
or claims suffered by the ABLE Program or ACES...
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19-3A-505
Section 19-3A-505 Income taxes. (a) A tax required to be paid by a fiduciary based on receipts
allocated to income shall be paid from income. (b) A tax required to be paid by a fiduciary
based on receipts allocated to principal shall be paid from principal, even if the tax is
called an income tax by the taxing authority. (c) A tax required to be paid by a fiduciary
on the trust's share of an entity's taxable income shall be paid as follows: (1) From income
to the extent that receipts from the entity are allocated only to income; (2) From principal
to the extent that receipts from the entity are allocated only to principal; (3) Proportionately
from principal and income to the extent that receipts from the entity are allocated to both
income and principal; and (4) From principal to the extent that the tax exceeds the total
receipts from the entity. (d) After applying subsections (a) through (c), the fiduciary shall
adjust income or principal receipts to the extent that the trust's taxes...
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24-1A-6
Section 24-1A-6 Bonds. (a) General. The authority may from time to time issue its negotiable
bonds in such principal amounts as, in the opinion of the authority, shall be necessary to
provide sufficient funds for achieving the corporate purposes thereof, the payment of interest
on bonds of the authority, establishment of reserves to secure such bonds and all other expenditures
of the authority incident to, and necessary or convenient to, carrying out its corporate purposes
and powers. (b) Sources of Payment. Bonds issued by the authority shall be payable solely
out of revenues or property of the authority specified in the resolutions authorizing the
issuance of such bonds. To the extent permitted by any contracts with the holders of outstanding
bonds and any other contractual obligations or requirements, the authority may pledge any,
or all, of its revenues or mortgages or assign any, or all, of its assets (whether real or
personal and whether tangible or intangible) to secure the...
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30-3-195
Section 30-3-195 State Disbursement Unit. (a) The state Title IV-D agency shall establish and
operate a unit, which shall be known as the State Disbursement Unit, for the collection and
disbursement of payments made under support orders as follows: (1) In all cases being enforced
by the state pursuant to Title IV-D of the Social Security Act. (2) In all cases not being
enforced by the state Title IV-D agency in which the support order is initially issued in
the state on or after January 1, 1994, and in which the income of the noncustodial parent
is subject to withholding under state law. (b) The State Disbursement Unit shall be operated
directly by the state Title IV-D agency or by a contractor responsible directly to the state
Title IV-D agency. (c) The responsibilities of the State Disbursement Unit shall include the
following: (1) Receipt of payments from parents, employers, and other states' agencies, and
for disbursements to custodial parents and other obligees, the state agency,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/30-3-195.htm - 2K - Match Info - Similar pages
41-10-44.8
Section 41-10-44.8 Tax credits, job development fees and other incentives. (a) Upon the issuance
by the authority of its project obligations for the purpose of financing a project for an
approved company with respect to which the authority adopted a resolution accepting the project
prior to January 16, 1995, the approved company: (1) Shall receive a credit against the corporate
income tax levied by Section 40-18-31 that otherwise would be owed to the state in any year
by the approved company on its income generated by or arising out of the project, such credit
not to exceed the lesser of (i) the amount due in tax, or (ii) the amount paid by the approved
company pursuant to a financing agreement in the year for which the tax is due, corresponding
to debt service on the project obligations; and (2) May elect to withhold and retain the aggregate
job development fees described in paragraph (b) below, but only to the extent that debt service
payments under the financing agreement(s) exceed...
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