|
40-18-378
Section 40-18-378 Verification of employment numbers; audits; return of unearned credit amounts;
liability of incentivized companies. (a) The Department of Labor shall periodically verify
the actual number of eligible employees employed at the qualifying project and the wages of
the eligible employees during the relevant year. If the Department of Labor is not able to
provide the verification utilizing all available resources, it may request any additional
information from the incentivized company as may be necessary. The Department of Revenue may
periodically audit any incentivized company to monitor compliance by the incentivized company
with this article. Nothing in this article shall be construed to limit the powers otherwise
existing for the Department of Revenue to audit and assess an incentivized company. The Department
of Insurance shall have similar audit rights over any incentivized company that is subject
to the insurance premium tax. (b) The project agreement shall include...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-378.htm - 3K - Match Info - Similar pages
41-29-501
Section 41-29-501 Definitions. (a) For the purposes of this article, the following words and
phrases shall have the following meanings: (1) AUTHORITY. The public corporation organized
pursuant to the provisions of Sections 41-10-20 through 41-10-32. (2) AUTHORIZED PURPOSE.
Any one or more of the purposes for which grants are herein authorized to be made as specified
in Section 41-29-503(a). (3) BOARD OF DIRECTORS. The board of directors of the authority.
(4) BOND. The bonds issued under the provisions of this article. (5) CAPITAL COSTS. All costs
and expenses incurred by one or more investing companies in connection with the acquisition,
construction, installation, and equipping of a qualifying project during the period commencing
with the date on which such acquisition, construction, installation, and equipping commences
and ending on the date on which the qualifying project is placed in service, including, without
limitation of all of the following: a. The costs of acquiring,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-29-501.htm - 7K - Match Info - Similar pages
40-18-374
Section 40-18-374 Claiming of incentives; project agreement; amounts and durations of incentives.
(a) An incentivized company may claim either or both of the jobs act incentives, to the extent
provided in the project agreement. (b) In order for an incentivized company to claim the jobs
act incentives, the Governor and the incentivized company shall execute a project agreement.
The agreement shall contain all of the following: (1) The name of the incentivized company;
(2) The location of the qualifying project; (3) The activity to be conducted at the qualifying
project; (4) The jobs act incentives to be granted and the order in which they shall be claimed;
(5) The capital investment to be made at the qualifying project; (6) The time period for the
capital investment to be made at the qualifying project; (7) The number of eligible employees
at the qualifying project; (8) The anticipated wages to be paid to or for the benefit of eligible
employees during the incentive period for the jobs...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-374.htm - 2K - Match Info - Similar pages
40-18-376.2
Section 40-18-376.2 Additional jobs credit for employment of veterans. (a) The provisions in
this section shall apply to the following: (1) Any incentivized company that employed, in
the prior year, at least 12 percent of its eligible employees as veterans who received an
honorable or general discharge. The calculation of the percentage of eligible employees who
are veterans shall be made using the method provided in a project agreement. (2) Any incentivized
company that employed eligible employees by or through a qualifying project located within
a former active duty military installation closed by the Base Realignment and Closure process.
(b)(1) Any incentivized company described by subdivision (1) of subsection (a) shall receive
an additional 0.5 percent jobs credit provided in Section 40-18-375(a) on the wages paid during
the prior year to eligible employees who are veterans. (2) Any incentivized company described
by subdivision (2) of subsection (a) shall receive an additional 0.5...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-376.2.htm - 2K - Match Info - Similar pages
40-18-376.3
Section 40-18-376.3 Qualifying projects by technology companies. (a)(1) This section shall
be applicable to a technology company so long as there is a project agreement which provides
that Alabama is or will become the company's headquarters, the place of residence of its top
three executives, and the place of residence of at least 75 percent of its employees. (2)
In making the findings required by Section 40-18-373(1), a technology company that proposes
a qualifying project shall be an approved company for purposes of this section only if the
Secretary of Commerce makes the additional finding that the qualifying project will increase
the economic diversity of, or otherwise benefit, the state. (b) If provided for in the project
agreement, the following shall be allowed to any company which meets all the criteria in subsection
(a): (1) A qualifying project shall be deemed to be in existence notwithstanding the requirements
of Section 40-18-372 so long as at least five new employees are...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-376.3.htm - 2K - Match Info - Similar pages
11-100-6
Section 11-100-6 Termination of state assistance payments; return of moneys held. State assistance
payments to cities, counties, and entities or authorities thereof, authorized by this chapter,
shall be terminated when the bonds issued to finance said city, county, or entity's or authority's
eligible facilities are fully retired or when, in the instance the bonds are refinanced, at
the date the original issue of such bonds would have reached its final maturity. Any moneys
then held by the cities or counties or entities or authorities thereof, derived from state
assistance payments, shall be returned to the state and deposited into the account in the
State Treasury to which such funds would have otherwise originally been deposited. (Acts 1989,
No. 89-651, p. 1287, §6.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-100-6.htm - 1K - Match Info - Similar pages
22-34-17
Section 22-34-17 Obligations solely of authority. All bonds, notes and certificates issued
by the authority shall be solely and exclusively obligations of the authority, payable solely
from the revenues, income, fees or charges which may pursuant to the provisions of this chapter,
be pledged to the payment thereof, and no such bonds, notes or certificates shall create an
obligation or debt of the state. Provided, however, that an agreement by the authority to
make a loan to a public body for a project shall impose an obligation on the state to make
such loan from any funds which are then or may thereafter become available regardless of the
funding of the loan by the public body and subject only to any terms and conditions set forth
in such agreement. (Acts 1987, No. 87-226, p. 317, §19.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-34-17.htm - 1K - Match Info - Similar pages
24-2-4
Section 24-2-4 Approval of redevelopment plan by governing bodies of cities, counties, etc.,
in which project situated; assistance of redevelopment projects by cities, counties, etc.
An authority or the governing body of any city or town shall not initiate any redevelopment
project under this chapter until the governing body, or agency designated by it or empowered
by law to so act of each city, town, or village, hereinafter called "municipalities,"
in which any of the area to be covered by said project is situated has approved a plan, herein
called the "redevelopment plan," which provides an outline for the development or
redevelopment of said area and is sufficiently complete: (1) To indicate its relationship
to definite local objectives as to appropriate land uses and improved traffic, public transportation,
public utilities, recreational and community facilities, and other public improvements; (2)
To indicate proposed land uses and building requirements in the area; and (3) To...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-2-4.htm - 2K - Match Info - Similar pages
37-13-9
Section 37-13-9 Cooperation of cities, counties, etc. For the purpose of aiding and cooperating
with an authority in the planning, development, undertaking, construction, extension, improvement
or operation of railroad properties and facilities, any county, city, town or other political
subdivision, public corporation, agency or instrumentality of this state may, upon such terms
and with or without consideration, as it may determine: (1) Lend or donate money to an authority;
(2) Cause water, sewer or drainage facilities, or any other facilities which it is empowered
to provide, to be furnished adjacent to or in connection with such railroad properties and
facilities; (3) Donate, sell, convey, transfer or lease to an authority any land, property,
franchise, grant easement, license or lease, which it may own; (4) Donate, transfer, assign,
sell or convey to an authority any right, title or interest which it may have in any lease,
contract, agreement, license or property; (5) Furnish,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-13-9.htm - 1K - Match Info - Similar pages
4-3-13
Section 4-3-13 Assistance and cooperation by counties, municipalities, etc. For the purpose
of aiding and cooperating with the authority in the planning, development, undertaking, construction,
extension, improvement or operation of airports, heliports and air navigation facilities,
any county, city, town or other political subdivision, public corporation, agency or instrumentality
of this state may, upon such terms and with or without consideration as it may determine:
(1) Lend or donate money to the authority; (2) Provide that all or a portion of the taxes
or funds available, or to become available to it, or required by law to be used by it, for
airport purposes shall be transferred or paid directly to the authority as such funds become
available to it; (3) Cause water, sewer or drainage facilities or any other facilities which
it is empowered to provide to be furnished adjacent to or in connection with such airports,
heliports or air navigation facilities; (4) Donate, sell, convey,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-13.htm - 2K - Match Info - Similar pages
|