Ala. Admin. Code r. 305-5-3-.05

Current through Register Vol. 43, No. 1, October 31, 2024

Section 305-5-3-.05 - Incentives

Tax and nontax incentives may be available to private employers who are located in a designated enterprise zone and who comply with the provisions of the act. These incentives may take the form of the following:

(a) State income tax or corporate franchise tax credit.

(b) State income tax or corporate franchise tax credit for expenses for training new employees.

(c) State income tax or corporate franchise tax credit for new investments.

(d) Local tax credits.

(e) Regulation exemption.

(f) Employee training and technical assistance.

(g) Increased or specialized services provided by local government.

(h) Exemption from state sales and use tax.

(i) Certain exemptions from state income taxes.

(j) Certain exemptions from corporate franchise taxes.

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: November 19, 1990; effective December 24, 1990.

Ala. Admin. Code r. 305-5-3-.05