Section 40-18-377 - Project agreements forwarded to Department of Revenue; incentives not deemed securities.

AL Code § 40-18-377 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a) After its execution, the Department of Commerce shall forward to the Department of Revenue a copy of any project agreement that allows an incentivized company to claim a jobs act incentive.

(b) Jobs act incentives shall not be considered securities under Section 8-6-2(10).