Project Agreements Forwarded to Department of Revenue; Incentives Not Deemed Securities.

  1. Law
  2. Code of Alabama
  3. Revenue and Taxation.
  4. Income Taxes.
  5. Alabama Jobs Act.
  6. Project Agreements Forwarded to Department of Revenue; Incentives Not Deemed Securities.

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Section 40-18-377

Project agreements forwarded to Department of Revenue; incentives not deemed securities.

(a) After its execution, the Department of Commerce shall forward to the Department of Revenue a copy of any project agreement that allows an incentivized company to claim a jobs act incentive.

(b) Jobs act incentives shall not be considered securities under Section 8-6-2(10).

(Act 2015-27, §3.)


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