Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State: | Alabama |
| Effected Jurisdiction: | Alabama |
Jurisdiction type: | State |
| Fiscal year ending In: | 2020 |
| Program name: | New Markets Tax Credit |
| Program purpose: | Community development |
| Statutory authority: | Code of Alabama 1975, Section 41-9-218 |
| Abating jurisdiction(s): | State of Alabama |
| Applicable taxes: | Income Tax; Insurance Premium Tax; Financial Institutions Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $7,986,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $7,986,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://comptroller.alabama.gov/acfr-2/ |
