The Rail Credit authorized under the Railroad Modernization Act must be pre-certified through My Alabama Taxes (MAT) before the taxpayer can claim the credit on their Alabama income tax return.
Please review the information in full (and print a copy for your records). Once reviewed, submit the credit claim.
Once the Rail Credit claim is submitted through MAT, the Department of Revenue will review the claim. The Office of Economic Development may require additional information if the supporting documents are incomplete or not provided. Please note that lack of proper documentation to support the credit claim will delay the process. Once the Department approves the requested credit amount, the project owner will receive a web notice. The approved amount of the credit must be listed on the taxpayer’s income tax return at the time the return is filed. For further questions, please contact firstname.lastname@example.org or call 334-242-1175.
NOTE! Transfers –The transfer cannot be completed until the transfer fees have been received. Please mail the transfer fee payment to: Alabama Department of Revenue, Commissioner’s Office, P.O. Box 327001, Montgomery, AL 36132. The transferee will receive written notification once the transfer has been processed.