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Buisness Facilities Contributed Content
APRIL 15, 2014
Principal business operations in Alabama or will be relocated to Alabama. The Alabama Innovation Fund supports and operates two (2) distinct programs. 60% of the annual funding, net of expenses, shall be distributed through grants to Public Universities which submit an Application under this chapter. The Research Program.
Buisness Facilities Contributed Content
MARCH 21, 2014
INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.
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