Application for

Sweet Home Alabama Tourism Investment Act Tax Rebate

________________

Date of Application

1. 1. Project Type (select one – Details provided in Guidelines):

   ___ Certified Tourism Destination Project eligible for tax rebate

   ___ Certified Tourism Attraction eligible for tax rebate

   Please provide short description of project:

   _________________________________________________________________    _________________________________________________________________

   _________________________________________________________________

   _________________________________________________________________

   _________________________________________________________________

2. 2. Developer Information:

   Corporate Name/Business Name: ______________________________________________________

   Federal Employee Identification Number: __________________________

   Mailing Address:

   ______________________________________________________________________________________________________________________________________________________________________________________________________________________________

   Contact Person ( Name / Telephone / Fax / Email):

   _____________________ / __________ / _________ / _____________________________

   Project Address:

   ______________________________________________________________________________________________________________________________________________________________________________________________________________________________

   County: __________________          Is this a Jumpstart County? Yes___  No___  Unknown___

3. 3. Business Entity Structure (pick one):

   Corporation             Subchapter S                       Subchapter C                       Partnership

   Proprietorship                                                         Limited Liability Partnership

   Limited Liability Company           Other  (Explain: ____)

   Date Business Established: ______________                    Company’s Fiscal Year: ____________

   State of Corporation: __________________                     Date Incorporated: _______________

   Registered Agent Name / Address:

   ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

4. 4. Does the Developer anticipate applying for any other incentives for this project?

   Yes      No

   If yes, please indicate program, agency, amount, and approximate date:

   ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

5. 5. Company Ownership:

   *Please identify ALL owners of the company.  For subsidiaries, identify owners of the parent company: for a public company, indicate publicly traded. Attach separate sheet if needed.

   NAME	ADDRESS	PHONE NUMBER	SOCIAL SECURITY NUMBER	PERCENT OWNED

6. 6. If any of the parties listed in #5 have ever been convicted of any criminal offenses, been in receivership or adjudicated a bankruptcy, been denied a business-related license or had it suspended or revoked by any administrative, governmental, or regulatory agency, please list each occurrence, the party related to the occurrence, and the circumstances of the occurrence:

   _________________________________________________________________

   _________________________________________________________________

   _________________________________________________________________

   _________________________________________________________________

   ________________________________________________________________

7. 7. Person to Review Legal Documents (Contact Name / Position / Mailing Address / Email)

   _________________________________________________________________

   _________________________________________________________________

   _________________________________________________________________

   _________________________________________________________________

   _________________________________________________________________

8. 8. Projected Financial Information:

   Estimated Approved Costs

   Approved Costs	Estimated Investment
   Land Acquisition	$
   Construction	$
   Engineering	$
   Design	$
   Costs of Contract Bonds and Insurances	$
   Installation of Utilities paid by Applicant	$
   Other (explain)____________________________	$
   Total Cost	$

   Maximum Total Tax Rebate Requested     $_________________________

   Total Capital Investment for Project:

   ___ $35 million or greater

   ___ $50 million or greater

   ___ $75 million or greater

9. 9. Proposed Tourism Attraction Financing:

   Source	Amount
   Bank Loan	$
   Bond Issue	$
   Other (explain: ___________________________)	$
   Equity	$
   Total Sources of Funds	$

   Project Start Date: _____________________

   Anticipated Project Completion Date: ________________________

10. 10. Employment Projections:

    	Full-Time	Part-Time
    New Jobs Created 2 Years After Completion

11. 11. Provide projected attendance figures for first five years of tourism project after opening for business:

    Year	In-State Visitors	Out-of-State Visitors	Total Visitors	Percentage Out-of-State

12. 12. Once open for business, how often will the attraction be open to the public?

    Year-Round              Seasonal                   Scheduled Events Only

    If not year-round, how many days per year will the project be open to the public? _______________

13. 13.  Please provide annual estimates for the first ten years of operation of the project:

    Employment Estimates
    YEAR	Number of New Hires	Estimated Annual Payroll

14. 14.  Please explain method used to estimate responses to questions 11 and 13.

    ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

    Certification of Application

    I, the undersigned on behalf of the applicant, hereby represent and certify that the foregoing application information, including all attachments, to the best of my knowledge, is (a) true, complete and accurate with respect to the information concerning the tourism project for which financial incentives are being sought and (b) does not contain any information for which an entity competing with the applicant may claim a proprietary interest.

    ______________________________

    Signature

    ______________________________

    Print Name

    ______________________________

    Title

    ______________________________

    Date

    Application Submission and Required Attachments

    Three (3) copies of the application and all attachments should be mailed to:

    Alabama Tourism Department

    Attn: Grant Wallace

    PO Box 4927

    Montgomery, AL 36103

    Email: grant.wallace@tourism.alabama.gov

    Please note that the following attachments are ­required with each application:

15. 1. Business Plan:

    Include a business history, as well as a thorough description, location, and timetable for the project.

16. 2. A current Form W-9
17. 3. A summary of the anticipated project costs, along with supporting documentation to support the cost estimates.
18. 4. Supporting information for financing project, including financing terms and method used.
19. 5. An independent study that identifies the projected number of out-of-state visitors and provides the ratio of in-state to out-of-state visitors anticipated.

20. 6. Business Financial Information, including:

    1. a. Last three years’ financial statements.
       b. Last three years’ tax returns unless audited financial statements are provided.
       c. Interim financial statement completed within the past 90 days.
       d. Projections (quarterly income statement, balance sheet, capital expenditures, and cash flow for three years, along with any relevant assumption or notes) for proposed new project.

21. 7. Provide a detailed description of Marketing Plan, including:

    1. a. Proposed advertising budget for the first five years and the percent that will be in-state and out-of-state advertising.
       b. The types of media to be used and their percentages based on annual averages expenses.
       c. Primary markets from which the tourism project will draw customers.
22. 8. Estimate the amount of revenue subject to Alabama sales tax for the first ten years upon completion of the tourism project.
23. 9. Estimate amount of revenue from project subject to Alabama tax based on the following categories: admission, food & merchandise, and lodging.

24. 10. Provide a copy of the resolution of the local governmental unit showing support for the tourism project and acknowledging that tax collected from the facility will be diverted to an incentive fund for a period of up to ten years. The municipality or taxing district issuing the resolution must specify the percentage of municipal taxes committed to the project. Non-state administered localities must outline in their resolution the mechanism by which they intend to disburse the rebates within their jurisdiction to the approved company for those local transactional taxes not administered by the department. Within 30 days of receiving approval for the project from the Tourism Department, the approved company must submit a copy of the local resolution to the Department of Revenue.

    ** Please note that incomplete applications will not be accepted nor returned to applicant

Author: Alabama Tourism Department

Statutory Authority: Code of Ala. 1975, Sections 40-18-470 through -475.

History: New Rule: Published November 27, 2024; effective January 11, 2025.