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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 In2021
Program nameInvestment Credit
Program purpose: Capital Investment
Statutory authority: Code of Alabama 1975, Section 40-18-376
Abating jurisdiction(s): State of Alabama
Applicable taxesIncome taxes, financial institution excise taxes, insurance premium taxes, or utility taxes
Method of abatement: Tax Credit
Provisions for recapture: (not specified)
Gross revenue loss: $8,000,000
Reimbursement / offset: $0
Net revenue loss: $8,000,000
Type of loss: Active
Additional notes on dislosureIncludes the Reinvestment and Abatement Act, the Tax Incentive Reform Act of 1992, the Brownfield Development Tax Abatement, and the Economic Incentive Enhancement Act of 2007
Document sourcehttps://comptroller.alabama.gov/acfr-2/