Application To Granting Authority For Abatement Of Taxes

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Form CO: CAA

6/15

lAbAmA

epArtment of

evenue

Application to Granting Authority

for Abatement of taxes

Reset

Under Chapter 9B, Title 40, Code of Alabama 1975

Noneducational Sales and Use Taxes, Noneducational Property Taxes, and/or Mortgage and Recording Taxes

This form is to be submitted to the granting authority for consideration in granting an abatement of all state and local noneducational property taxes, all con-

struction related transaction (sales and use) taxes, except those local construction related transaction taxes levied for educational purposes or for capital

improvements for education, and/or mortgage and recording fees, in accordance with the provisions of Section 40-9B-1 et seq., Code of Alabama 1975.

Sales & Use Taxes

Property Taxes

Mortgage & Recording Taxes

1a. TYPE OF ABATEMENT APPLYING FOR:

2. PROJECT NAICS CODE:

Yes

New Project

Major Addition To An Existing Facility

1b. IS APPLICANT REQUESTING PROPERTY TAX ABATEMENT FOR A PERIOD LONGER THAN 10 YEARS?

3. TYPE OF PROJECT:

4. DOES MAJOR ADDITION EQUAL THE LESSER OF: (CHECK APPLICABLE BOX)

$2,000,000

– OR –

30% of original cost of existing property, original cost $__________________________________

5. PROJECT APPLICANT:

DBA:

6. ADDRESS OF APPLICANT:

CITY:

STATE:

ZIP CODE:

7. NAME OF CONTACT PERSON:

EMAIL ADDRESS:

TELEPHONE NUMBER:

(

)

8. DATE COMPANY ORGANIZED:

9. PHYSICAL LOCATION OF PROJECT:

CITY (IF OUTSIDE CITY LIMITS, PLEASE INDICATE):

COUNTY:

ZIP CODE:

10. BRIEF DESCRIPTION OF PROJECT (ATTACH A COMPLETE AND DETAILED LISTING OF PROJECT PROPERTY COSTS TO ENABLE A COST/BENEFIT ANALYSIS BY GRANTING AUTHORITY):

11. ESTIMATED DATE CONSTRUCTION WILL BEGIN:

12. ESTIMATED DATE CONSTRUCTION WILL BE COMPLETED:

13. ESTIMATED DATE PROPERTY WILL BE PLACED IN SERVICE:

14. HAVE BONDS BEEN ISSUED FOR PROJECT:

15. WILL BONDS BE ISSUED FOR PROJECT

Yes If yes, date bonds issued:

Yes If yes, projected date of issue:

16. ESTIMATED NUMBER

17. ESTIMATED ANNUAL

18. COST OR VALUE FOR

19. COST SUBJECT TO

Estimated Investment for Project

OF NEW EMPLOYEES

PAYROLL OF NEW EMPLOYEES

PROPERTY TAX

SALES TAX

XXXXXXXXXX

INITIALLY

18a

a. Land (if donated, show market value). . . . . . . . . . . . . . . . . . . . . . . . . . . . .

XXXXXXXXXX

YEAR 1

18b

b. Existing Building(s) (if any) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

XXXXXXXXXX

YEAR 2

18c

c. Existing Personal Property (if any) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

YEAR 3

18d

19d

d. New Building(s) and/or New Additions to Existing Building(s)

(19d = building materials only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

This form may be used as the application

18e

19e

to the granting authority required by

e. New Manufacturing Machinery . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 40-9B-6(a), Code of Alabama

1975. The information requested here is

18f

19f

f. Other New Personal Property

required by Section 40-9B-6 and Section

(non-mfg machinery, office equipment, computers, etc.) . . . . . . . . . . . . . .

40-2-11(7), Code of Alabama 1975.

18g

19g

g. TOTALS (PROPERTY TAX TOTAL MUST EQUAL TOTAL

$ 0

PROJECT INVESTMENT. SALES TAX TOTAL WILL BE LESS.) . . . . . . .

The abatement of noneducational property taxes is based on the market value of specific assets; therefore, the actual amount of taxes abated is determined each year as the property is assessed

and valued. An abatement of noneducational sales and use taxes shall apply only to tangible personal property and taxable services incorporated into private use industrial property, the cost of

which may be added to capital account with respect to the property, determined without regard to any rule which permits expenditures properly chargeable to capital account to be treated as

current expenses. No abatement of sales and use taxes shall extend beyond the date private use industrial property is placed in service. A verification inspection of qualifying property will be

conducted by the Alabama Department of Revenue to insure compliance with Section 40-9B-1 et seq., Code of Alabama 1975, as amended.

I hereby affirm that, to the best of my knowledge and belief, the information in this application and any accompanying statement, schedules, and other information is true, correct and complete.

_____________________________________________________

NAME (PRINT)

_____________________________________________________

_____________________________________________________ _____________________________

SIGNATURE

TITLE

DATE