(a) Both of the following shall be considered industrial or research enterprises for purposes of Chapter 9B of this Title 40, approved activities for purposes of Chapter 9G of this Title 40, and qualifying projects for purposes of Article 16 of Chapter 18 of this Title 40:
Terms Used In Alabama Code 40-18-384
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1
(1) Any trade or business predominately consisting of an activity described in Section 40-18-376.3(c).(2) The agricultural center described in Section 40-18-416, this section is repealed following the close of fiscal year 2020) Applications” class=”unlinked-ref” datatype=”S” sessionyear=”2022″ statecd=”AL” title=”40″>40-18-417.2(a)(2)b..(b) The agricultural center is allowed the investment credit as provided in Section 40-18-376 for a period not to exceed 10 years.(c) For purposes of Article 16 of Chapter 18 of Title 40, the Governor may decrease the amounts and durations of the jobs act incentives. The Department of Commerce may charge fees for amendments to project agreements entered into under Article 16 of Chapter 18 of Title 40.(d) As to the agricultural center described in Section 40-18-416, this section is repealed following the close of fiscal year 2020) Applications” class=”unlinked-ref” datatype=”S” sessionyear=”2022″ statecd=”AL” title=”40″>40-18-417.2(a)(2)b., all of the years of the investment credit may be made transferable in the project agreement, using rules similar to those provided in Section 40-18-376(b)(3).
