Alabama § 41-29-3.1 Disclosure of Tax Abatement, Grant, Credit, or Exemption, and Realized Benefits

Alabama Statutes

§ 41-29-3.1 — Disclosure of Tax Abatement, Grant, Credit, or Exemption, and Realized Benefits

Alabama § 41-29-3.1

Title 41State Government

Ch. 29Department of Commerce

Art. 1General Provisions

This text of Alabama § 41-29-3.1 (Disclosure of Tax Abatement, Grant, Credit, or Exemption, and Realized Benefits) 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 § 41-29-3.1 (2026).

Text

The acceptance of a tax abatement, grant, credit, or exemption provided in Section 41-29-3, shall act as approval and written consent by the taxpayer, as required by Section 40-2A-10, to disclose to the taxpayer, the corresponding amount of the tax abatement, grant, credit, or exemption, and the realized benefits to the Secretary of Commerce. The disclosure of the tax abatement, grant, credit, or exemption, and the realized benefits shall be provided by the taxpayer to the Secretary of Commerce for the previous fiscal year and shall be reported by the Secretary of Commerce no later than the second legislative day of each regular session in accordance with Section 40-1-50, to the Legislature.

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The acceptance of a tax abatement, grant, credit, or exemption provided in Section 41-29-3, shall act as approval and written consent by the taxpayer, as required by Section 40-2A-10, to disclose to the taxpayer, the corresponding amount of the tax abatement, grant, credit, or exemption, and the realized benefits to the Secretary of Commerce. The disclosure of the tax abatement, grant, credit, or exemption, and the realized benefits shall be provided by the taxpayer to the Secretary of Commerce for the previous fiscal year and shall be reported by the Secretary of Commerce no later than the second legislative day of each regular session in accordance with Section 40-1-50, to the Legislature.