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: | 2019 |
| Program name: | Certified Capital Company Program |
| Program purpose: | General Economic Development |
| Statutory authority: | Code of Alabama 1975, Section 40-14B |
| Abating jurisdiction(s): | State of Alabama |
| Applicable taxes: | Insurance 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 source: | https://comptroller.alabama.gov/acfr-2/ |
