Ala. Code § 40-18-371

Current through the 2024 Regular Session.

Section 40-18-371 - Requirements 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.

Ala. Code § 40-18-371 (1975)

Amended by Act 2017-442,§ 1, eff. 5/26/2017.

Added by Act 2015-27,§ 3, eff. 7/2/2015.