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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.

Reporting JurisdictionAlabama
Jurisdiction type: State
Fiscal year ending In2019
Program nameCertified Capital Company Program
Program purpose: General Economic Development
Statutory authority: Code of Alabama 1975, Section 40-14B
Abating jurisdiction(s): State of Alabama
Applicable taxesInsurance Premium Taxes
Method of abatement: Tax Credit
Provisions for recapture: The qualifying activities of the business must be manufacturing, processing, assembling products, or conducting research and development. Failure to meet the requirements could result in decertification and result in recapture of credits claimed and forfeiture of future credits.
Gross revenue loss: $15,593,000
Reimbursement / offset: $0
Net revenue loss: $15,593,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://comptroller.alabama.gov/acfr-2/