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: | 2018 |
Program name: | Various Other Tax Abatement Programs |
Program purpose: | General Economic Development |
Statutory authority: | Code of Alabama, section 40-9G; section 40-9B; section 40-9C; section 40-9D |
Abating jurisdiction(s): | State of Alabama |
Applicable taxes: | Property Tax; Gross Utility Taxes; Sales and Use Taxes |
Method of abatement: | Tax Abatement |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $99,607,000 |
Reimbursement / offset: | $0 |
Net revenue loss: | $99,607,000 |
Type of loss: | Active |
Additional notes on dislosure: | These include Reinvestment and Abatement Act, the Tax Incentive Reform Act, the Brownfield Development Tax Abatement, and the Economic Incentive Enhancement Act of 2007 |
Document source: | https://comptroller.alabama.gov/acfr-2/ |