40-9F-33
Section 40-9F-33 Limitations on tax credits; Historic Income Tax Credit Account; transfer or
assignment of tax credits. (a) The state portion of any tax credit against the tax imposed
by Chapter 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. 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) There is created within the Education Trust Fund a separate account named the Historic
Preservation Income Tax Credit Account. The Commissioner of Revenue shall certify to the Comptroller
the amount of income tax credits under this section and the Comptroller shall transfer into
the Historic Preservation Income Tax Credit Account only...
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22-22-9
Section 22-22-9 Powers and duties; enforcement of orders; permits; civil penalties for violations.
(a) It shall be the duty of the commission to control pollution in the waters of the state,
and it shall specifically have the following powers: (1) To study and investigate all problems
concerned with the improvement and conservation of the waters of the state; (2) To conduct,
independently and in cooperation with others, studies, investigation and research and to prepare,
or in cooperation with others prepare, a program or programs, any or all of which shall pertain
to the purity and conservation of the waters of the state or to the treatment and disposal
of pollutants or other wastes, which studies, investigations, research and program or programs
shall be intended to result in the reduction of pollution of the waters of the state according
to the conditions and particular circumstances existing in the various communities throughout
the state; and (3) To propose remedial measures...
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40-2B-2
Section 40-2B-2 Alabama Tax Tribunal. (a) Statement of Purpose. To increase public confidence
in the fairness of the state tax system, the state shall provide an independent agency with
tax expertise to resolve disputes between the Department of Revenue and taxpayers, prior to
requiring the payment of the amounts in issue or the posting of a bond, but after the taxpayer
has had a full opportunity to attempt settlement with the Department of Revenue based, among
other things, on the hazards of litigation. By establishing an independent Alabama Tax Tribunal
within the executive branch of government, this chapter provides taxpayers with a means of
resolving controversies that insures both the appearance and the reality of due process and
fundamental fairness. The tax tribunal shall provide hearings in all tax matters, except those
specified by statute, and render decisions and orders relating thereto. A tax tribunal hearing
shall be commenced by the filing of a notice of appeal protesting...
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16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature finds
that the number of students attending the several school systems located in those areas of
North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
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25-4-51
Section 25-4-51 Rates of contributions, etc., by employers. (a) Contributions. Except as hereinafter
provided and subject to the provisions of Section 25-4-54, every employer shall pay contributions,
or payments in lieu of contributions, equal to the percentages of wages payable or paid as
hereinafter set out, with respect to employment by him. (1) With respect to employment during
calendar years after December 31, 1975, every employer who has been liable to the provisions
of this chapter during a period of time sufficient to have his rate of contribution determined
under the experience rating provisions of Section 25-4-54 shall pay contributions at the rate
prescribed thereby. (2) With respect to employment after December 31, 1975, every employer
who has not been liable to the provisions of this chapter for a sufficient length of time
to have his rate determined under the experience rating provisions of Section 25-4-54 shall
pay contributions at the rate of 2.70 percent of such wages...
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27-27-60
Section 27-27-60 Insider trading of domestic stock insurer equity securities - Rules and regulations.
The commissioner shall have the power to make such rules and regulations as may be necessary
for the execution of the functions vested in him by Sections 27-27-53 through 27-27-59 and
may for such purpose classify domestic stock insurance companies, securities, and other persons
or matters within his jurisdiction. No provision of Sections 27-27-53 through 27-27-55 imposing
any liability shall apply to any act done or omitted in good faith in conformity with any
rule or regulation of the commissioner, notwithstanding that such rule or regulation may,
after such act or omission, be amended or rescinded or determined by judicial or other authority
to be invalid for any reason. (Acts 1971, No. 407, p. 707, §556.)...
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27-27-53
Section 27-27-53 Insider trading of domestic stock insurer equity securities - Ownership statements.
Every person who is, directly or indirectly, the beneficial owner of more than 10 percent
of any class of any equity security of a domestic stock insurance company or who is a director
or an officer of such company shall file in the Office of the Commissioner of Insurance of
Alabama on or before January 31, 1972, or within 10 days after he becomes such beneficial
owner, director, or officer, a statement, in such form as the commissioner may prescribe,
of the amount of all equity securities of such company of which he is the beneficial owner
and, within 10 days after the close of each calendar month thereafter, if there has been a
change in such ownership during such month, shall file in the office of the commissioner a
statement, in such form as the commissioner may prescribe, indicating his ownership at the
close of the calendar month and such changes in his ownership as have occurred...
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27-27-57
Section 27-27-57 Insider trading of domestic stock insurer equity securities - Applicability
of Sections 27-27-53 through 27-27-55. The provisions of Sections 27-27-53 through 27-27-55
shall not apply to foreign or domestic arbitrage transactions unless made in contravention
of such rules and regulations as the commissioner may adopt in order to carry out the purposes
of this chapter. (Acts 1971, No. 407, p. 707, §553.)...
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27-27-8
Section 27-27-8 Solicitation permit - Effect of granting permit. The granting of a solicitation
permit is permissive only and shall not constitute an endorsement by the commissioner of any
person or thing related to any such insurer, corporation, syndicate, association, partnership,
firm, organization, or financing, and the existence of the permit shall not be advertised
or used as an inducement in any solicitation. The commissioner shall place the substance of
this section in boldface type at the top of each solicitation permit issued by him. (Acts
1971, No. 407, p. 707, §504.)...
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27-27-19
Section 27-27-19 Domestic mutual insurers - Failure to complete organization. If the proposed
domestic mutual insurer fails to complete its organization and to secure its original certificate
of authority within one year from, and after, date of its certificate of incorporation, the
corporation shall transact no further business, and the commissioner shall return, or cause
to be returned, to the persons entitled thereto all advance deposits or payments of premiums
held in trust under Section 27-27-18. (Acts 1971, No. 407, p. 707, §515.)...
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