Alabama Code > Title 41 > Chapter 9 > Article 8C – Alabama New Markets Development Act


§ 41-9-216	Applicability of article
§ 41-9-217	Short title
§ 41-9-218	Definitions
§ 41-9-219	Tax credit for qualified equity investment
§ 41-9-219.1	Allocation of tax credits
§ 41-9-219.2	Limitation on certifications
§ 41-9-219.3	Application for designation as a qualified equity investment
§ 41-9-219.4	Recapture of tax credit; notice
§ 41-9-219.5	Report
§ 41-9-219-6	Examinations; rules; appraisal
§ 41-9-219.7	Exceptions

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Amortization: Paying off a loan by regular installments.
Appraisal: A determination of property value.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
following: means next after. See Alabama Code 1-1-1
Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
property: includes both real and personal property. See Alabama Code 1-1-1
state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
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