Each homeowner and business assessed pursuant to this chapter, beginning in the 2012 tax year, shall be eligible for an income tax credit of 10 percent of the amount of assessment paid, not to exceed one thousand dollars ($1,000) credit in any tax year, for a period not exceeding 10 successive tax years.
Ala. Code § 11-71-11
Income Tax Credit.
Known as the The Neighborhood Infrastructure Incentive Plan Act
The act spans §§ 11-71-1 to 11-71-9 (12 sections).
(Act 2011-689, p. 2105, §11.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.