§ 37-11C-1 Short title
§ 37-11C-2 Definitions
§ 37-11C-3 Standards for approval of qualified railroad rehabilitation expenditures; application for tax credits; completion of project; tax credit certificate; fees; annual report
§ 37-11C-4 Allowance and claim of tax credits; Railroad Rehabilitation Income Tax Credit Account; written transfer agreements
§ 37-11C-5 Rulemaking authority; applications for reservation of tax credits
§ 37-11C-6 Duration of tax credits

Terms Used In Alabama Code > Title 37 > Chapter 11C - Railroad Modernization Act of 2019

  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.