However, in the case of organizations whose accounts and records are kept according to rules prescribed by a regulatory agency or instrumentality of the United States or by the Alabama Public Service Commission, or by a state insurance department, the actual amount of capital employed in this state as so determined shall in no event exceed the value of the sum of its tangible property located in this state and its intangible property employed in the conduct of its business in this state.
Amount Invested | Number of New Employees |
1. Not less than $1,000,000,000 | Not less than 500 |
2. Not less than $900,000,000 | Not less than 600 |
3. Not less than $800,000,000 | Not less than 700 |
4. Not less than $700,000,000 | Not less than 800 |
5. Not less than $600,000,000 | Not less than 900 |
6. Not less than $500,000,000 | Not less than 1,000 |
7. Not less than $400,000,000 | Not less than 1,100 |
8. Not less than $300,000,000 | Not less than 1,200 |
9. Not less than $200,000,000 | Not less than 1,300 |
10. Not less than $100,000,000 | Not less than 1,400 |
No deduction shall be available under this paragraph e. until the criteria defined in subparagraph 1. above, and, in addition, subparagraph 2. above have been met. The deduction available under this paragraph e. shall only be available during those years within the 20 years after December 1, 1997, in which the taxpayer maintains the criteria defined in subparagraph 2. above.
Ala. Code § 40-14-41 (1975)