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Ala. Code § 41-23-26

Additional Requirements for Business, Etc., to Receive Benefits.

Known as the Alabama Enterprise Zone Act

The act spans §§ 41-23-20–41-23-33 (14 sections).

(Acts 1987, No. 87-573, p. 897, §7.)

REPEALED BY ACT 2023-546, EFFECTIVE DECEMBER 1, 2028 UNLESS EXTENDED BY AN ACT OF THE LEGISLATURE.

Additional requirements for a business, partnership, corporation, or individual to receive benefits shall include:

(1) The business must expand its labor force or make new capital investments or prevent a loss of employment to an existing business.

(2) A business may not have closed or reduced employment elsewhere in Alabama in order to expand into the zone.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.