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 or Territory: | Alabama |
Effected Jurisdiction: | Alabama |
Jurisdiction type: | State or Territory |
Fiscal year ending In: | 2023 |
Program name: | Growing Alabama Credit |
Program purpose: | General Economic Development |
Statutory authority: | Code of Alabama 1975, Section 40-18-403 |
Abating jurisdiction(s): | State of Alabama |
Applicable taxes: | Income Tax |
Method of abatement: | Tax Credit |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $5,300,000 |
Reimbursement / offset: | $0 |
Net revenue loss: | $5,300,000 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://comptroller.alabama.gov/wp-content/uploads/2024/03/ACFR-2023.Ala... |