reglab/housing_qa huggingface dataset:
AL Code § 40-18-371 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-371 - Requirements for Receipt of Incentives.

Section 40-18-371Requirements for receipt of incentives.  For a company to receive one or both of the jobs act incentives provided in this article, all of the following shall occur: (1) There must be a qualifying project predominantly conducting an activity specified in Section 40-18-372(1); (2) The qualifying project shall create at least the number of new jobs specified in Section 40-18-372(2); (3) The company proposing the qualifying project must be an approved company, as provided in Section 40-18-373; (4) The approved company and the Governor must enter into a project agreement, as provided in Section 40-18-374; (5) If the incentivized company is allowed a jobs credit, the proof of wages actually paid shall have been delivered and certified, as provided in Section 40-18-375; and (6) If the incentivized company is allowed an investment credit, the proof of capital actually invested shall have been delivered and certified, as provided in Section 40-18-376. (Act 2015-27, p. 103, §3; Act 2017-442, §2(b)(8), 2(b)(9).)
AL Code § 40-18-373 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-373 - Approved Companies.

Section 40-18-373Approved companies.  In order for a company to be an approved company, all of the following shall occur: (1) For any company that proposes a qualifying project, the Secretary of Commerce shall make all of the following findings: a. That the project is in fact a qualifying project; b. That the qualifying project will not decrease, directly or indirectly, Alabama’s exports; and c. That the amount of tax incentives sought are exceeded by anticipated revenues for the state, including income, property, business privilege, utility, gross receipts, sales, and use tax revenues that are generated by the economic activity resulting from the project, as they arise from the following aspects of the qualifying project: 1. Construction activities related to the qualifying project; 2. The purchase of building materials and the initial equipping of the qualifying project; 3. The subsequent equipping of the qualifying project; and 4. The operation of the qualifying project. (2) Upon making affirmative findings on the criteria set forth in subdivision (1) that are applicable, the Secretary of Commerce shall recommend to the Governor that the company be designated as an approved company. The name of the company and information collected about it shall be forwarded to the Governor. (3) After reviewing the information provided by the Secretary of Commerce, the Governor shall also determine whether the company meets the criteria set forth in subdivision (1). If the Governor makes such a finding, the company shall be an approved company. (Act 2015-27, §3.)
AL Code § 40-18-374 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-374 - Claiming of Incentives; Project Agreement; Amounts and Durations of Incentives.

Section 40-18-374Claiming of incentives; project agreement; amounts and durations of incentives.  (a) An incentivized company may claim either or both of the jobs act incentives, to the extent provided in the project agreement. (b) In order for an incentivized company to claim the jobs act incentives, the Governor and the incentivized company shall execute a project agreement. The agreement shall contain all of the following: (1) The name of the incentivized company; (2) The location of the qualifying project; (3) The activity to be conducted at the qualifying project; (4) The jobs act incentives to be granted and the order in which they shall be claimed; (5) The capital investment to be made at the qualifying project; (6) The time period for the capital investment to be made at the qualifying project; (7) The number of eligible employees at the qualifying project; (8) The anticipated wages to be paid to or for the benefit of eligible employees during the incentive period for the jobs created; (9) The dates or conditions that shall begin the running of the incentive periods for applicable jobs act incentives; (10) The lengths of the incentive periods for the jobs act incentives; (11) Any annual or aggregate limitations on the amount of either or both of the jobs act incentives that can be claimed during an incentive period; (12) Provisions governing the recapture of all or part of the jobs act incentives awarded to the qualifying project, should the approved company default on its obligations in the project agreement; (13) Whether the project agreement may be assigned by the approved company to some other purchaser, assignee, or successor; (14) Any other terms, conditions, and limitations that this article or the Governor may require for an incentivized company to qualify for and receive a jobs act incentive; and (15) Any other terms the parties deem necessary or desirable. (c) The Governor may decrease the amounts and durations of the jobs act incentives to ensure that the anticipated revenues for the state will exceed the amount of tax incentives sought. (Act 2015-27, §3.)
AL Code § 40-18-376.1 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-376.1 - Projects in Targeted or Jumpstart Counties.

Section 40-18-376.1Projects in targeted or jumpstart counties. (a) As used in this section, the following terms shall have the following meaning: (1) JUMP START COUNTY. Any Alabama county which meets all the following: a. That does not qualify as a targeted county. b. That has experienced negative population growth over the last five years as determined by the Commissioner of Labor as of each January 1 using the most current data available from the United States Departments of Labor or Commerce, the United States Bureau of the Census, or any other federal or state agency or department. c. Contains no more than two opportunity zones as they existed on June 1, 2019. (2) TARGETED COUNTY. Any Alabama county that has a population of 50,000 or less, as determined by the Commissioner of Labor as of each January 1 using the most current data available from the United States Departments of Labor or Commerce, the United States Bureau of the Census, or any other federal or state agency or department. (b) In making the findings required by Section 40-18-373(a), a company that proposes a qualifying project in a targeted or jumpstart county shall be an approved company for purposes of this section only if the Secretary of Commerce makes the additional finding that the qualifying project will increase the economic diversity of, or otherwise benefit, the targeted or jumpstart county. (c) For purposes of determining in Section 40-18-372(2)b. whether a qualifying project may receive the jobs act incentives, a project to be located in a targeted or jumpstart county shall employ at least ten new employees and shall involve, directly or indirectly, at least two million dollars ($2,000,000) of capital, absent a finding of extraordinary circumstances by the Secretary of Commerce. (d) If the qualifying project is located in a county which is deemed to be a targeted or jumpstart county on the date the project agreement is executed, the following shall be applicable: (1) The jobs credit provided in Section 40-18-375(a) shall be 4.0 percent of the wages paid to eligible employees during the prior year; and (2) The investment credit provided in Section 40-18-376(a) shall have an incentive period of 15 years. (e) Each year, the incentives in subsection (d) may be extended to no more than two qualifying projects not in targeted or jumpstart counties. Such incentives shall be granted in project agreements executed by the Governor on the recommendation of the Secretary of Commerce. (Act 2015-41, p. 146, §3; Act 2017-442, §1(b)(10); Act 2019-392, §3.)
AL Code § 40-18-376.2 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-376.2 - Additional Jobs Credit for Employment of Veterans.

Section 40-18-376.2Additional jobs credit for employment of veterans. (a) The provisions in this section shall apply to the following: (1) Any incentivized company that employed, in the prior year, at least 12 percent of its eligible employees as veterans who received an honorable or general discharge. The calculation of the percentage of eligible employees who are veterans shall be made using the method provided in a project agreement. (2) Any incentivized company that employed eligible employees by or through a qualifying project located within a former active duty military installation closed by the Base Realignment and Closure process. (b)(1) Any incentivized company described by subdivision (1) of subsection (a) shall receive an additional 0.5 percent jobs credit provided in Section 40-18-375(a) on the wages paid during the prior year to eligible employees who are veterans. (2) Any incentivized company described by subdivision (2) of subsection (a) shall receive an additional 0.5 percent jobs credit provided in Section 40-18-375(a) on the wages paid during the prior year to its eligible employees. (c) No incentivized company claiming the credit provided by subdivision (1) of subsection (b) shall also claim the credit provided by Article 13 of this chapter for any portion of the project. (d) The Department of Labor shall periodically verify the actual number of veterans employed by the incentivized company described in subdivision (1) of subsection (a) and the wages of the veterans during the relevant year. If the Department of Labor is not able to provide the verification utilizing all available resources, it may request any additional information from the incentivized company as may be necessary. (Act 2015-41, §3; Act 2016-321, §1.)
AL Code § 40-18-376.3 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-376.3 - Qualifying Projects by Technology Companies.

Section 40-18-376.3Qualifying projects by technology companies. (a)(1) This section shall be applicable to a technology company so long as there is a project agreement which provides that Alabama is or will become the company's headquarters, the place of residence of its top three executives, and the place of residence of at least 75 percent of its employees. (2) In making the findings required by Section 40-18-373(1), a technology company that proposes a qualifying project shall be an approved company for purposes of this section only if the Secretary of Commerce makes the additional finding that the qualifying project will increase the economic diversity of, or otherwise benefit, the state. (3) A qualifying project shall be deemed to be in existence, notwithstanding the requirements of Section 40-18-372, so long as at least 10 new employees are employed at the qualifying project, absent a finding of extraordinary circumstances by the Secretary of Commerce. (b) If provided for in the project agreement, the following shall be allowed to any company which meets all the criteria in subsection (a): (1) A jobs credit against utility taxes, in an annual amount equal to 4 percent of the wages paid to eligible employees during the prior year. The incentive period shall be 10 years. (2) An investment credit as provided in Section 40-18-376. (c) A "technology company" is any company which meets all the criteria in subdivision (1) or (2): (1) A company that earns at least 75 percent of its revenues from either of the following: a. Activities within subsector 518; industry group 5112, 5121 (other than 51213), 5415, or 5417; or industry 51913 of the 2012 North American Industry Classification System, or any similar classification system developed in conjunction with the United States Department of Commerce or Office of Management and Budget. b. The use of technology to develop new coding or processes for the creation or delivery of goods or services in the following fields, or any additional activities determined by the Secretary of Commerce to be beneficial to the enhancement of businesses rooted in either of the following fields: 1. Any of the fields of education, healthcare, energy, agriculture, infrastructure, software, robotics, nutrition, aerospace, automotive, or financial services. 2. Any fields related to science, technology, engineering, or mathematics. (2) A company that, for a fixed term, educates and mentors early-stage technology companies recruited to a location in Alabama, with the goal of accelerating the companies' development and growth. (Act 2019-392, §5; Act 2021-2, §1.)
AL Code § 40-18-376.4 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-376.4 - Qualifying Projects by Underrepresented Companies.

Section 40-18-376.4Qualifying projects by underrepresented companies. (a) This section shall be applicable to an underrepresented company, as defined in this section. In making the findings required by Section 40-18-373(1), an underrepresented company that proposes a qualifying project shall be an approved company for purposes of this section only if the Secretary of Commerce makes the additional finding that the qualifying project will increase economic diversity and will benefit the state. (b) If provided for in the project agreement, the following shall be allowed to any company which meets all of the criteria in subsection (a): (1) Absent a finding of extraordinary circumstances by the Secretary of Commerce, a qualifying project shall be deemed to be in existence notwithstanding the requirements of Section 40-18-372 so long as 10 new jobs are created. (2) A jobs credit against utility taxes, in an annual amount equal to 4 percent of the wages paid to eligible employees during the prior year. (3) The investment credit provided in Section 40-18-376(a) shall have an incentive period of 15 years. (c) An "underrepresented compan" is any company which meets all the criteria in the following subdivision (1) or (2): (1) The company is a for-profit business headquartered in a community eligible for investment through the federal New Markets Tax Credit program under 26 U.S.C. § 45D(e), has fewer than 10 employees at the time the project agreement is executed, and has average gross revenues of less than five hundred thousand dollars ($500,000) in the company’s three years prior to the execution of the project agreement; or (2) The company is a for-profit business that is independently owned and controlled and is at least 51 percent owned and controlled by one or more underrepresented persons or, in the case of a publicly-owned business, the company is a for-profit business of which at least 51 percent of the stock is owned and controlled by one or more underrepresented persons and whose daily management and operations are under the control of one or more underrepresented persons. As used herein, an underrepresented person is a United States citizen who is a woman or is African American. (Act 2021-2, §10.)
AL Code § 40-18-377 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-377 - Project Agreements Forwarded to Department of Revenue; Incentives Not Deemed Securities.

Section 40-18-377Project agreements forwarded to Department of Revenue; incentives not deemed securities.  (a) After its execution, the Department of Commerce shall forward to the Department of Revenue a copy of any project agreement that allows an incentivized company to claim a jobs act incentive. (b) Jobs act incentives shall not be considered securities under Section 8-6-2(10). (Act 2015-27, §3.)
AL Code § 40-18-380 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-380 - Implementation of Article.

Section 40-18-380Implementation of article.  (a) The Departments of Commerce, Labor, Insurance, Revenue, and Finance shall implement this article, exercise all powers as authorized in this article, and promulgate regulations to implement and administer the provisions of this article. b) All filings made by a private party with any department of the state government shall be made using forms promulgated by such department. Any such filing shall be treated as a tax return, subject to penalties imposed by the Department of Revenue. (Act 2015-27, §3.)
AL Code § 40-18-381 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-381 - Construction of Article.

Section 40-18-381Construction of article.  (a) Nothing in this article shall be construed to constitute a guarantee or assumption by the state of any debt of any company nor to authorize the credit of the state to be given, pledged, or loaned to any company. (b) The provisions of this article shall not be construed in a manner adverse to the validity of any jobs act incentives. (c) Nothing in this article shall be construed to make available to any company any right to the jobs act incentives absent strict compliance with this article. (Act 2015-27, §3.)
AL Code § 40-18-382 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-382 - Continuation or Reinstatement of Incentives.

Section 40-18-382Continuation or reinstatement of incentives. The incentives authorized by this article shall not be available for qualifying projects for which project agreements have not been executed on or prior to July 31, 2023, unless the Legislature enacts legislation to continue or reinstate the incentives for new projects after that date. No action or inaction on the part of the Legislature shall reduce or suspend any incentive awarded pursuant to this article in any past or future calendar year with respect to qualifying projects for which project agreements have been executed on or prior to July 31, 2023, it being the sole intention of this section that failure of the Legislature to enact legislation continuing the incentives authorized by this article for periods after July 31, 2023, shall affect only the availability of the incentives to qualifying projects for which project agreements have not been executed on or prior to July 31, 2023, and shall not affect qualifying projects for which project agreements have been executed on or prior to July 31, 2023. (Act 2015-27, p. 103, §5; Act 2017-314, §1; Act 2021-2, §1.)
AL Code § 40-18-383 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-383 - Maximum Balance of Outstanding Incentives; Availability of Incentives to Existing Projects.

Section 40-18-383Maximum balance of outstanding incentives; availability of incentives to existing projects. (a) At no time prior to the calendar year ending December 31, 2020, shall the annualized balance of outstanding jobs act incentives exceed $300 million, which amount would increase to three hundred twenty-five million dollars ($325,000,000) for the calendar year ending December 31, 2021 and three hundred fifty million dollars ($350,000,000) for the calendar year ending December 31, 2022, unless the Legislature enacts legislation to allow additional jobs act incentives. Of the above annualized balance, twenty million dollars ($20,000,000) shall apply to qualifying projects located in targeted or jumpstart counties as described in Section 40-18-376.1. (b) Jobs act incentives shall not be available to any project for which substantial construction activities have begun by July 2, 2015. (c) Jobs act incentives under this article shall not be available for any qualifying project unless at least 80 percent of the eligible employees created by the qualifying project are employed full time. (Act 2015-27, p. 103, §§6, 7; Act 2017-314, §§1,2; Act 2021-2, §1.)
AL Code § 40-18-384 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-384 - Special Industrial or Research Enterprises; Amounts and Durations of Incentives; Fees for Amendments to Project Agreements.

Section 40-18-384Special industrial or research enterprises; amounts and durations of incentives; fees for amendments to project agreements. (a) Both of the following shall be considered industrial or research enterprises for purposes of Chapter 9B of this Title 40, approved activities for purposes of Chapter 9G of this Title 40, and qualifying projects for purposes of Article 16 of Chapter 18 of this Title 40: (1) Any trade or business predominately consisting of an activity described in Section 40-18-376.3(c). (2) The agricultural center described in Section 40-18-411(a)(2)c. (b) The agricultural center is allowed the investment credit as provided in Section 40-18-376 for a period not to exceed 10 years. (c) For purposes of Article 16 of Chapter 18 of Title 40, the Governor may decrease the amounts and durations of the jobs act incentives. The Department of Commerce may charge fees for amendments to project agreements entered into under Article 16 of Chapter 18 of Title 40. (d) As to the agricultural center described in Section 40-18-411(a)(2)c., all of the years of the investment credit may be made transferable in the project agreement, using rules similar to those provided in Section 40-18-376(b)(3). (Act 2019-392, §7.)
AL Code § 40-18-385 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-385 - Implementation and Administration of the Alabama Incentives Modernization Act.

Section 40-18-385Implementation and administration of the Alabama Incentives Modernization Act. The departments of Economic and Community Affairs, Revenue, Commerce, and Finance shall implement Act 2019-392, exercise all powers as authorized in Act 2019-392, and adopt rules to implement and administer Act 2019-392. (Act 2019-392, §8.)
AL Code § 40-18-386 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 16 - Alabama Jobs Act.|Section 40-18-386 - Reductions of Distribution for Education Trust Fund and General Fund.

Section 40-18-386Reductions of distribution for Education Trust Fund and General Fund. Notwithstanding the provisions of Section 40-18-376(d)(2), to the extent the investment credit is used to offset an insurance premium tax liability and a portion of the insurance premium taxes are deposited into the Education Trust Fund, the Department of Finance shall adopt rules to ensure that the credit would reduce the distribution for the Education Trust Fund. Thereafter, the credit will reduce the distributions to the state General Fund only. (Act 2019-392, §11.)
AL Code § 40-18-390 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 18 - Income Taxes.|Article 17 - Alabama Small Business and Agribusiness Jobs Act.|Section 40-18-390 - Short Title.

Section 40-18-390Short title.  This article shall be known and may be cited as the Alabama Small Business and Agribusiness Jobs Act. (Act 2016-188, §1.)