Section 40-18-244 Credits not to exceed costs. - Alabama Statutes

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Section 40-18-244

Credits not to exceed costs.

The capital credit shall be reduced or eliminated with respect to a qualifying project at the time the sum of all capital credits received or allowed with respect to a qualifying project equals 100 percent of the capital costs of the qualifying project, all to the end that the aggregate amount of capital credits shall not exceed 100 percent of the capital costs of the qualifying project.

(Act 2001-503, p. 886, §5.)

State Codes and Statutes

Statutes > Alabama > Title40 > Chapter18 > 40-18-244

Section 40-18-244

Credits not to exceed costs.

The capital credit shall be reduced or eliminated with respect to a qualifying project at the time the sum of all capital credits received or allowed with respect to a qualifying project equals 100 percent of the capital costs of the qualifying project, all to the end that the aggregate amount of capital credits shall not exceed 100 percent of the capital costs of the qualifying project.

(Act 2001-503, p. 886, §5.)

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State Codes and Statutes

Statutes > Alabama > Title40 > Chapter18 > 40-18-244

Section 40-18-244

Credits not to exceed costs.

The capital credit shall be reduced or eliminated with respect to a qualifying project at the time the sum of all capital credits received or allowed with respect to a qualifying project equals 100 percent of the capital costs of the qualifying project, all to the end that the aggregate amount of capital credits shall not exceed 100 percent of the capital costs of the qualifying project.

(Act 2001-503, p. 886, §5.)