Alabama § 40-18-371 Requirements for Receipt of Incentives

Alabama Statutes

§ 40-18-371 — Requirements for Receipt of Incentives

Alabama § 40-18-371

Title 40Revenue and Taxation

Ch. 18Income Taxes

Art. 16Alabama Jobs Act

This text of Alabama § 40-18-371 (Requirements for Receipt of Incentives) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 40-18-371 (2026).

Text

For a company to receive one or both of the jobs act incentives provided in this article, all of the following shall occur:

(1)There must be a qualifying project predominantly conducting an activity specified in Section 40-18-372(1);

(2)The qualifying project shall create at least the number of new jobs specified in Section 40-18-372(2);

(3)The company proposing the qualifying project must be an approved company, as provided in Section 40-18-373;

(4)The approved company and the Governor must enter into a project agreement, as provided in Section 40-18-374;

(5)If the incentivized company is allowed a jobs credit, the proof of wages actually paid shall have been delivered and certified, as provided in Section 40-18-375; and

(6)If the incentivized company is allowed an investment credit

Free access — add to your briefcase to read the full text and ask questions with AI

For a company to receive one or both of the jobs act incentives provided in this article, all of the following shall occur:
(1) There must be a qualifying project predominantly conducting an activity specified in Section 40-18-372(1);
(2) The qualifying project shall create at least the number of new jobs specified in Section 40-18-372(2);
(3) The company proposing the qualifying project must be an approved company, as provided in Section 40-18-373;
(4) The approved company and the Governor must enter into a project agreement, as provided in Section 40-18-374;
(5) If the incentivized company is allowed a jobs credit, the proof of wages actually paid shall have been delivered and certified, as provided in Section 40-18-375; and
(6) If the incentivized company is allowed an investment credit, the proof of capital actually invested shall have been delivered and certified, as provided in Section 40-18-376.