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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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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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40-23-4
Section 40-23-4 Exemptions. (a) There are exempted from the provisions of this division and
from the computation of the amount of the tax levied, assessed, or payable under this division
the following: (1) The gross proceeds of the sales of lubricating oil and gasoline as defined
in Sections 40-17-30 and 40-17-170 and the gross proceeds from those sales of lubricating
oil destined for out-of-state use which are transacted in a manner whereby an out-of-state
purchaser takes delivery of such oil at a distributor's plant within this state and transports
it out-of-state, which are otherwise taxed. (2) The gross proceeds of the sale, or sales,
of fertilizer when used for agricultural purposes. The word "fertilizer" shall not
be construed to include cottonseed meal, when not in combination with other materials. (3)
The gross proceeds of the sale, or sales, of seeds for planting purposes and baby chicks and
poults. Nothing herein shall be construed to exempt or exclude from the computation of...
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8-6-118
Section 8-6-118 Proceedings before Securities Commission. When the matter of any proposed industrial
revenue bond issue has been appealed by the issuer to the commission or referred to the commission
by the director with the request that the commission issue a permanent stop order, the director
shall convene the commission. The commission shall conduct a hearing on the matter within
14 days after receipt by the director of the notice of appeal or service upon the issuer of
the referral. At the request of the issuer, the date of the hearing may be postponed. Notice
of the time, place, and purpose of the hearing shall be served upon the issuer at least three
days before the date of the hearing. The issuer and other interested parties shall have the
right to appear and be heard in person or by counsel. The commission shall render a decision
within three days after the hearing. Pending the determination by the commission of any appeal
or referral, the stop order previously issued by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-6-118.htm - 2K - Match Info - Similar pages
8-6-116
Section 8-6-116 Action by director upon receipt of notification; stop orders. Upon receipt
of a notification, the director shall cause a preliminary investigation or inquiry to be made
into the proposed issue to determine whether there exist circumstances which, in his or her
opinion, indicate that the proposed issue of industrial revenue bonds may be an improvident
issue. If he or she finds that the proposed issue may be improvident, he or she shall advise
the issuer of the findings and shall issue a stop order or stop orders requiring that for
a period of time not exceeding in the aggregate 90 days after the filing of the notification,
the issuer shall not issue the industrial revenue bonds proposed in the notification or any
industrial revenue bonds in lieu of the bonds proposed. When a stop order has been served
upon the issuer, it shall be fully effective (a) unless lifted by the director or the commission
for good cause shown, or (b) unless the proposed industrial revenue bonds...
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8-6-117
Section 8-6-117 Appeals or references to Securities Commission. When a stop order has been
issued by the director, the issuer shall have the right to appeal the matter to the commission
by notice in writing of such appeal delivered to the director. The director shall have the
right to refer to the commission the matter of any issue of industrial revenue bonds proposed
in a notification as to which a stop order is then in effect or which have been reauthorized
by the governing body of the issuer pursuant to Section 8-6-116, and to request that the commission
issue a permanent stop order. Notice of such reference and request shall be given in writing
and served upon the issuer. The director shall mail to each member of the council a copy of
each notice required by this section as soon as it is delivered to him or prepared for service
upon the issuer. (Acts 1978, No. 586, p. 681, ยง8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-6-117.htm - 1K - Match Info - Similar pages
8-6-119
Section 8-6-119 Judicial validation proceedings. Any judicial validation proceeding instituted
under this article shall conform to and be conducted in accordance with either Section 6-6-750
et seq. or Section 11-81-220 et seq., whichever is applicable to the issuer. The petition
shall allege that the issue of industrial revenue bonds proposed by the issuer is not improvident,
and the director shall be served with notice of the proceeding in the same manner and for
the same time as the district attorney, and may attend the hearing before the circuit court
having jurisdiction of the matter in person or by attorney, present evidence, and be heard
by the court. The court shall not validate unless, pursuant to evidence presented at the hearing,
the court finds and determines that the issue is not improvident. No judicial validation proceedings
shall be instituted under this article until the commission enters a stop order or until the
expiration of 15 days after the proposed industrial...
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41-10-36
Section 41-10-36 Definitions. Unless the context requires otherwise, the terms defined in this
section shall have the following meanings for purposes of this division: (1) AFFECTED BOND.
Any obligation or portion thereof which is required under the terms of the code to receive
an allocation of the state ceiling as a condition for the exclusion of interest on such obligation
from the gross income of the recipient thereof for federal income tax purposes. (2) ALLOCATION.
An allocation of a portion of the state ceiling issued by the authority pursuant to the provisions
of this division. (3) APPLICATION. An application for an allocation, submitted by an issuer
under the provisions of this division. (4) APPLICATION FOR CARRYFORWARD ALLOCATION. Any application
filed with the authority seeking an elective carryforward of unused limitation for a "carryforward
purpose" as defined in Section 146(f)(5) of the code. (5) AUTHORITY. The State Industrial
Development Authority, a public corporation of...
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32-6-64
Section 32-6-64 License plate design; numbering, sponsoring, and manufacturing of license plates;
release of personal information. (a)(1) The design of license plates, including all emblems,
slogans, symbols, or characters appearing on the plates, shall be by rule as promulgated by
the Commissioner of Revenue, and as otherwise specified by law. The face of the license plate
to be displayed shall be fully treated with a reflective material which will increase the
nighttime visibility and legibility of the plate. (2) Characters on the license plate which
designate the county of issuance shall be numeric, and all numerals on the license plates
shall be no smaller than two and three-fourths inches in height. The following numbering scheme
shall be used: a. Jefferson County, 1; Mobile County, 2; Montgomery County, 3. b. All other
counties shall be ranked alphabetically and assigned consecutive numbers beginning with 4
and concluding with 67. c. The Department of Revenue shall be responsible...
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33-2-189
Section 33-2-189 Docks facilities revenue bonds and refunding bonds - Disposition of proceeds
of docks facilities revenue bonds. The department shall pay out of the proceeds from the sale
of any of the docks facilities revenue bonds all expenses that the director may deem necessary
or advantageous in connection with the sale and issuance of such docks facilities revenue
bonds (including any discount reflected in the purchase price thereof paid to the department),
including fees and disbursements of attorneys, accountants, financial advisors, consulting
engineers, and other consultants, fees and disbursements of trustees and escrow agents, bond
insurance premiums, printing costs, and other customary bond issuance expenses. Proceeds of
any of the docks facilities revenue bonds may also be applied to pay the costs of any surety
bonds or bonds that the department may cause to be deposited in a reserve account to further
secure the payment of principal of, premium, if any, and interest on...
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