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Tax Break Tracker Individual Entry

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.

Effected JurisdictionAlabama
Jurisdiction type: State
Fiscal year ending In2019
Program nameInvestment Credit Program
Program purpose: General Economic Development
Statutory authority: Code of Alabama 1975, Section 40-18-376
Abating jurisdiction(s): State of Alabama
Applicable taxesIncome Taxes; Financil Institution Excise Taxes; Insurance Premium Taxes; Utility Taxes
Method of abatement: Tax Credit
Provisions for recapture: (not specified)
Gross revenue loss: $748,000
Reimbursement / offset: $0
Net revenue loss: $748,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://comptroller.alabama.gov/acfr-2/