§ 41-10-846 — Forms; Construction of Article; Rulemaking Authority

Alabama § 41-10-846

• Jurisdiction: Alabama
• Title 41: State Government
• Ch. 10: Authorities
• Art. 22: Innovating Alabama Act

Text

(a) All filings and applications made with any department of the state government shall be made using forms adopted by that department. The filing shall be treated as a tax return subject to penalties imposed by the Department of Revenue.
(b) Nothing in this article shall be construed to constitute a guarantee or assumption by the state of any debt of any company nor to authorize the credit of the state to be given, pledged, or loaned to any company.
(c) Nothing in this article shall be construed to make available to any taxpayer any right to the benefits conferred by this article absent strict compliance with this article.
(d) Nothing in this article shall be construed to limit the powers otherwise existing for the Department of Revenue to audit and assess a taxpayer claiming the Innovating Alabama tax credit.
(e) Innovate Alabama and the Department of Revenue may adopt rules as necessary to implement and administer this article.

Legislative History

(Act 2023-33, §2.)