reglab/housing_qa huggingface dataset:
AL Code § 40-9D-4 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 9D - Alabama Economic Incentive Enchancement Act of 2007.|Section 40-9D-4 - Enhancement of Abatements and Capital Credits.

Section 40-9D-4Enhancement of abatements and capital credits. (a) For the entities that qualify under this chapter, an abatement shall be allowed for ad valorem taxes. Such abatement shall follow the provisions and definitions of Chapter 9B of this title with the following exceptions: (1) The maximum exemption period as provided in subdivision (10) of Section 40-9B-3 shall be 20 years. (2) This abatement shall apply to real property located at other Alabama project sites built, owned, and operated by the qualifying entity as a component of the qualifying project. Such abatement shall be made pursuant to the provisions of the granting authority where the ancillary property is located. (3) This abatement shall apply to the qualifying entity's tangible personal property located at other Alabama project sites if the property is a component of the qualifying project. Such abatement shall be made pursuant to the provisions of the granting authority where the ancillary property is located. (b) For the entities that qualify under this chapter, an abatement shall be allowed for construction related transaction taxes. Such abatement shall follow the provisions of Chapter 9B of this title. (c) For the entities that qualify under this chapter, an abatement shall be allowed for taxes related to mortgages and recording taxes with respect to mortgages, deeds and other documents as allowed in the provisions of Chapter 9B of this title. (d) For the entities that qualify under this chapter, in addition to the allowances found in Section 40-21-83, an exclusion shall be allowed for a 10-year period from the utility taxes contained in subsection (a) of Section 40-21-82 of this title. The beginning date of the aforementioned 10-year period shall commence using the provisos of subdivision (10) of Section 40-9B-3. (e) For the entities that qualify under this chapter, an enhanced capital credit shall be allowed. This capital credit shall follow the provisions of Article 7, commencing with Section 40-18-190, of Chapter 18, of this title, and shall be allowed as a credit to the tax provided in Chapter 18, with the following exceptions: (1) The maximum period shall be extended to 30 years; (2) The maximum amount allowed in any one tax year, within the above extended period, shall not exceed five percent of the capital cost of the qualifying project, such amount to be credited or allowed against the state income tax liability generated by or arising out of the qualifying project in each of the 30 years commencing with the year during which the qualifying project is placed in service and continuing for 29 consecutive years thereafter; and (3) The total amount utilized over the extended period shall not exceed 100 percent of the capital cost of the project. (Act 2007-199, p. 234, §4.)
AL Code § 40-9E-2 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 9E - State Property Tax in Tax Increment Districts.|Section 40-9E-2 - Abatement of State Property Taxes.

Section 40-9E-2Abatement of state property taxes. (a) Notwithstanding any other law of this state, qualified property shall be entitled to an abatement of state property taxes provided the conditions of this section are satisfied. (b) In lieu of paying the state property tax increment on qualified property, any owner of qualified property not exempt from ad valorem taxation must pay the state property tax increment on such qualified property to the public entity that created the tax increment district in which the qualified property is located for each year commencing on the October 1 following the date when property first becomes qualified property under this chapter, and each October 1 thereafter, until the tax increment district in which such qualified property is located is terminated in accordance with Section 11-99-7. (c) State property tax increments received by the public entity which created the tax increment district in which the qualified property is located shall be used for both of the following: (1) To pay for project costs. (2) To repay tax increment obligations issued to fund project costs. (Act 2010-184, p. 262, §4.)
AL Code § 40-9H-1 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 9H - Alabama Rural, Agribusiness, and Opportunity Zone Jobs Act.|Section 40-9H-1 - This Section Was Assigned by the Code Commissioner in the 2021 Regular Session, Effective August 1, 2021. This Is Not in the Current Code Supplement.

Section 40-9H-1THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2021 REGULAR SESSION, EFFECTIVE AUGUST 1, 2021. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.  This chapter shall be known and may be cited as the Alabama Rural, Agribusiness, and Opportunity Zone Jobs Act. (Act 2021-492, §1.)
AL Code § 40-9H-4 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 9H - Alabama Rural, Agribusiness, and Opportunity Zone Jobs Act.|Section 40-9H-4 - This Section Was Assigned by the Code Commissioner in the 2021 Regular Session, Effective August 1, 2021. This Is Not in the Current Code Supplement.

Section 40-9H-4THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2021 REGULAR SESSION, EFFECTIVE AUGUST 1, 2021. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.  (a) Within 30 days of certification of a growth fund, the department shall enter into the SSBCI loan agreement with the growth fund and segregate for draws by the growth fund in the SSBCI fund an amount of SSBCI funding equal to the SSBCI loan awarded to such growth fund. (b) A growth fund, before making a growth investment, shall request from the department a written opinion as to whether the business in which it proposes to invest satisfies the definition of a growth business. The department, not later than 15 business days after the date of receipt of the request, shall notify the growth fund of its determination. If the department fails to notify the growth fund of its determination within 15 business days, the business in which the growth fund proposes to invest shall be considered a growth business. Each request for a written opinion shall be accompanied by a five hundred dollar ($500) opinion fee payable to the department. (c) At least five business days prior to a growth investment, a growth fund shall make a draw request on the SSBCI loan to the department. The draw on the SSBCI loan shall not exceed 50 percent of the proposed growth investment. At least two business days prior to a growth investment, a growth fund shall notify the department of the date of the closing of the growth investment and the department shall transfer the amount of draw requested from the SSBCI fund to an account designated by the growth fund on the following day. The growth fund shall return the proceeds of the draw if the growth investment is not made within the three business days of receipt of the draw unless the return is waived by the department. (Act 2021-492, §4.)
AL Code § 40-9H-6 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 9H - Alabama Rural, Agribusiness, and Opportunity Zone Jobs Act.|Section 40-9H-6 - This Section Was Assigned by the Code Commissioner in the 2021 Regular Session, Effective August 1, 2021. This Is Not in the Current Code Supplement.

Section 40-9H-6THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2021 REGULAR SESSION, EFFECTIVE AUGUST 1, 2021. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.  (a) Each growth fund shall submit a report to the department on or before the fifth business day after the first anniversary of the closing date prior to program exit and include all of the following:  (1) A bank statement evidencing each growth investment. (2) The name, location, and industry of each growth business receiving a growth investment, including the written opinion if provided by the department pursuant to subsection (b) of Section 40-9H-4.  (3) The number of high wage employment positions at each growth business on the date of the growth fund's initial growth investment as evidenced on a payroll report certified by the growth business. (b) Thereafter, if not previously provided pursuant to subsection (a), each growth fund shall submit a report to the department on or before April 15 of each year prior to program exit and include all of the following unless previously provided: (1) A bank statement evidencing each growth investment.  (2) The name, location, and industry of each growth business receiving a growth investment, including the written opinion if provided by the department pursuant to subsection (b) of Section 40-9H-4.  (3) The number of high wage employment positions at each growth business on the date of the growth fund's initial growth investment as evidenced on a payroll report certified by the growth business. (4) The number of new annual jobs and jobs retained at each growth business as of December 31 of the prior calendar year as evidenced on a payroll report certified by the growth business. (5) The average annual salary of the positions described in subdivisions (3) and (4). (6) The cumulative amount of growth investments made in growth businesses. (7) Financial statements for the preceding calendar year audited by an independent certified public accounting firm, which shall include an opinion of, or an agreed upon procedures letter issued by, the independent certified public accounting firm as to the growth fund's compliance with the requirements of this chapter. (8) The amount of follow-on capital attracted by the growth business as certified by the growth business. (9) Any other information required by the department. (10) A five thousand dollar ($5,000) annual fee. (c) The growth fund shall use best efforts to obtain and provide information with respect to growth investments that have been redeemed or repaid as part of the annual report set forth in subsection (b) and shall provide the information if available. (Act 2021-492, §6.)
AL Code § 40-9H-7 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 9H - Alabama Rural, Agribusiness, and Opportunity Zone Jobs Act.|Section 40-9H-7 - This Section Was Assigned by the Code Commissioner in the 2021 Regular Session, Effective August 1, 2021. This Is Not in the Current Code Supplement.

Section 40-9H-7THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2021 REGULAR SESSION, EFFECTIVE AUGUST 1, 2021. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.  The department shall report to the Legislature beginning in 2023, pursuant to Section 40-1-50, and rules adopted by the Department of Revenue, providing an assessment of the incentives allowed in this chapter. (Act 2021-492, §7.)
AL Code § 40-9H-8 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 9H - Alabama Rural, Agribusiness, and Opportunity Zone Jobs Act.|Section 40-9H-8 - This Section Was Assigned by the Code Commissioner in the 2021 Regular Session, Effective August 1, 2021. This Is Not in the Current Code Supplement.

Section 40-9H-8THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2021 REGULAR SESSION, EFFECTIVE AUGUST 1, 2021. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.  (a) The department may adopt rules to implement and administer this chapter. (b) The department shall issue all forms and notices required by this chapter in accordance with the requirements of this chapter. (Act 2021-492, §8.)
AL Code § 40-9H-9 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 9H - Alabama Rural, Agribusiness, and Opportunity Zone Jobs Act.|Section 40-9H-9 - This Section Was Assigned by the Code Commissioner in the 2021 Regular Session, Effective August 1, 2021. This Is Not in the Current Code Supplement.

Section 40-9H-9THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2021 REGULAR SESSION, EFFECTIVE AUGUST 1, 2021. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.  Under Subtitle C of Title III of the American Rescue Plan Act of 2021, the United States Treasury has been appropriated certain funds to use for the support of private businesses in each of the states. Each state is given the opportunity to apply for a certain amount of these funds, provided the funds are directly invested or used to support private enterprises pursuant to financing structures that are approved by the Treasury after application by the state. It is expected that the State of Alabama will be entitled to request more than twenty-five million dollars ($25,000,000) under this federal program. It is the intent of the Legislature that the program set forth in this chapter be included as part of the State of Alabama's application to the United States Treasury as a Venture Capital Program, and if the application is approved, that the funds provided by the Treasury be used as set forth in this chapter. The Legislature notes that the program requires a dollar for dollar private capital match to the dollars invested by the Treasury, no reduction for administrative costs, and incentives to help ensure that the federal dollars are eventually leveraged on a ten-to-one basis. The provisions of this chapter shall not become operative until guidance is released by the United States Treasury regarding the State Small Business Credit Initiative pursuant to Subtitle C of Title III of the American Rescue Plan Act of 2021. (Act 2021-492, §9.)
AL Code § 40-11-2 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 11 - Subjects of Taxation and Date Taxes Due.|Section 40-11-2 - Property and Activities of United States and Its Agencies.

Section 40-11-2Property and activities of United States and its agencies. Property and activities of the United States and its agencies shall be taxable as other property and activities, except where the State of Alabama is without constitutional authority to impose such taxes. (Acts 1939, No. 65, p. 95; Code 1940, T. 51, §22.)
AL Code § 40-11-3 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 11 - Subjects of Taxation and Date Taxes Due.|Section 40-11-3 - Taxation of Federal Property Where Immunity Waived, Etc.

Section 40-11-3Taxation of federal property where immunity waived, etc. The property of the United States, its agencies, instrumentalities, or corporations organized under the laws of Congress, including any buildings which have or may hereafter be erected on the land of another and for which reason may be considered by the laws of the state to be personal property for taxation purposes, the immunity from taxation of which said property has been or may hereafter be waived by the laws of Congress and which said property has been or may hereafter be made subject to state, county, municipal, or local taxation by the laws of Congress, shall be assessed for taxation by the state, county, municipality, or local taxing unit and the taxes collected thereon to the same extent according to its value as other like or similar property is assessed for taxation by the state, county, municipality, or local taxing unit. (Acts 1945, No. 485, p. 722.)
AL Code § 40-11-4 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 11 - Subjects of Taxation and Date Taxes Due.|Section 40-11-4 - When Taxes Become Due and Payable.

Section 40-11-4When taxes become due and payable. All taxes, unless otherwise provided by law, shall become due and payable on October 1 in each year, and shall become delinquent if not paid before January 1 succeeding, except in cases when parties have moved or are about to move from the county, and except in cases when parties are closing out or going out of business, and except in cases where insolvency is impending, and except in cases where goods, wares, and merchandise are advertised for sale at auction, bankrupt, insolvent, assignment, or fire sales, or where said goods, wares, and merchandise are advertised for sale for the satisfaction of creditors, or as closing out or going out of business sales, or in any way where a person is disposing of substantially all of his taxable property in the county, in which cases such taxes shall become due and payable at once. Advertisements in the newspapers or otherwise of a sale of any personal property as a closing out sale, fire sale, bankrupt sale, or any sale of like character shall be prima facie evidence that the collection of taxes due on such property or any other property so advertised is endangered within the meaning of this section. Notice to any tax collector by the Department of Revenue, a tax assessor, deputy tax assessor, tax agent, license inspector, or any other official of this state or any county thereof that any person is about to move a whole or any part of his personal property from this state shall be prima facie evidence that the collection of the taxes due or to become due by said person on such property or other property is endangered; and, upon failure of the tax collector to act as provided in Section 40-5-31, he shall be liable on his bond for any neglect to immediately collect the taxes due, by levy and sale or otherwise. (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §23.)
AL Code § 40-11-5 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 11 - Subjects of Taxation and Date Taxes Due.|Section 40-11-5 - Taxes on Dog Race Tracks; Not Retroactive; Validity of Prior Exemptions; Sales Tax Exemption for Admission and Handle.

Section 40-11-5Taxes on dog race tracks; not retroactive; validity of prior exemptions; sales tax exemption for admission and handle. (a) Effective September 25, 1986, in addition to all other taxes heretofore or hereafter levied by local or general law, all licensees or operators of dog race tracks within this state are hereby required to pay, (1) income taxes levied by the state, (2) occupational taxes levied on wages by a municipality or county, (3) ad valorem taxes levied on any racing facility by the state, county, or other local subdivision at the same rates as are applicable to other commercial property having comparable market value, (4) state and local sales taxes on merchandise, food, or beverage, sold by operators or their concessionaires at racing events, and (5) all taxes and license fees imposed or related to the sale of alcoholic beverages. (b) This section shall not apply retroactively nor shall any provision of this section be construed as affecting the local distribution of taxes of any existing dog race track. (c) The Legislature affirms and declares the exemptions heretofore granted by local act and expressly declares that the intention of this legislation is that such exemptions were heretofore valid and remain valid until September 25, 1986. (d) There is no intent by this legislation to impose a general sales tax on admission to the track or to the handle and an exemption is hereby granted for such taxes. (Acts 1986, Ex. Sess., No. 86-647, p. 29.)
AL Code § 40-11-6 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 11 - Subjects of Taxation and Date Taxes Due.|Section 40-11-6 - Valuation and Assessment of Certain Aircraft.

Section 40-11-6Valuation and assessment of certain aircraft. (a) Effective October 1, 2022, all airplanes, airships, and other aircrafts listed in Section 40-11-1 shall be valued and assessed by the Department of Revenue. (b) The Department of Revenue may adopt rules for the implementation and administration of this section. (Act 2021-429, §2.)
AL Code § 40-14B-2 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 14B - Certified Capital Company; Premium Tax Credit.|Section 40-14B-2 - Administration of Chapter.

Section 40-14B-2Administration of chapter. The Alabama Development Office shall administer this chapter and may adopt rules and forms as necessary to implement this chapter. (Act 2002-429, p. 1108, §2.)
AL Code § 40-14B-3 (2021)
2021 Code of Alabama|Title 40 - Revenue and Taxation.|Chapter 14B - Certified Capital Company; Premium Tax Credit.|Section 40-14B-3 - Application for Certification.

Section 40-14B-3Application for certification. (a) The Director of the Alabama Development Office by rule shall establish the application procedures for certified capital companies.  (b) An applicant must file an application in the form prescribed by the Alabama Development Office accompanied by a nonrefundable application fee of seven thousand five hundred dollars ($7,500). The application must include an audited balance sheet of the applicant, with an unqualified opinion from an independent certified public accountant, as of a date not more than 35 days before the date of the application. (c) To qualify as a certified capital company all of the following must apply: (1) The applicant must have, at the time of application for certification, an equity capitalization of at least five hundred thousand dollars ($500,000) in the form of cash or cash equivalents. The applicant must maintain this equity capitalization until it receives an allocation of certified capital pursuant to Section 40-14B-17. (2) At least two principals or persons employed or engaged to manage the funds of the applicant must have at least four years of experience making venture capital investments in small businesses on behalf of or as an institutional or accredited investor. (3) The applicant must satisfy any additional reasonable informational requirement imposed by the Alabama Development Office by rule. (4) The applicant must have incorporated or organized within the State of Alabama no later than 15 days before applying for certification. (5) The applicant must have established an office within the State of Alabama before or within 60 days of certification. (d) The Director of the Alabama Development Office shall review the application, organizational documents, and business history of each applicant and shall ensure that the applicant satisfies the requirements of this chapter. (e) Not later than the 30th day after the date an application is filed, the Director of the Alabama Development Office shall either issue the certification or refuse to issue the certification and communicate in detail to the applicant the grounds for the refusal, including suggestions for the removal of these grounds. If an applicant submits an amended application within 15 days of receipt of refusal from the office, the office shall have 15 days from the receipt of such amended application by which to communicate its approval or refusal of such amended application to the applicant. The office shall review and approve or reject applications in the order submitted, and in the event more than one application is received by the office on any date, all such applications shall be reviewed and approved simultaneously, except in the case of incomplete applications or applications for which additional information is requested by the office and is not supplied by the applicant within the allowable time limits established by the office. (Act 2002-429, p. 1108, §3.)