Section 40-18-195 Capital credit not to exceed capital costs of project. - Alabama Statutes

Section 40-18-195

Capital credit not to exceed capital costs of project.

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 such 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.

(Acts 1995, No. 95-187, p. 250, §6.)