The purpose of this Act is "to stimulate business and industrial growth in the depressed areas of the state, both urban and rural areas, by the relaxation of certain governmental controls, by providing assistance to businesses and industries and by providing state and local tax and nontax incentives in these areas."
Authors: Wayne Bovis, Charles Reynolds.
Statutory Authority: Code of Ala. 1975, §§ 41-23-1 through 41-23-7, 41-23-29(6).
History: Filed January 22, 1988; effective February 26, 1988. Amended: Filed November 19, 1990; effective December 24, 1990.
Ala. Admin. Code r. 305-5-3-.01