What is ara, renewal act credit

1inthespirit · ‎June 4, 2019

IsabellaG · ‎June 4, 2019

The Growing Alabama credit is part of the Alabama Renewal Act in Schedule ARA and is available to taxpayers who made cash contributions to a Local Economic Development Organization (LEDO).
The LEDO must have been approved by the Renewal of Alabama Commission and the contribution should be made directly through the Alabama Department of Revenue.

Unused Growing Alabama Credit may be carried forward for a maximum of five years.

Visit the Alabama Department of Revenue for additional information on qualification requirements. https://revenue.alabama.gov/tax-incentives/major-tax-incentives/growing-alabama-credit/

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IsabellaG · ‎June 4, 2019

The Growing Alabama credit is part of the Alabama Renewal Act in Schedule ARA and is available to taxpayers who made cash contributions to a Local Economic Development Organization (LEDO).
The LEDO must have been approved by the Renewal of Alabama Commission and the contribution should be made directly through the Alabama Department of Revenue.

Unused Growing Alabama Credit may be carried forward for a maximum of five years.

Visit the Alabama Department of Revenue for additional information on qualification requirements. https://revenue.alabama.gov/tax-incentives/major-tax-incentives/growing-alabama-credit/

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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What is ara, renewal act credit