CCEDC: Recruiting New Business with Professional Hospitality

Alabama Jobs Act

The existing program allows a 3 percent refund or credit of prior year wages paid to eligible employees with an additional 0.5 percent credit if 12 percent or more of the project workforce are veterans who received either an honorable or a general discharge. In addition, Covington County companies receive an additional 1 percent.

Category: State

More State

Based on a company's net worth in Alabama and the company's ability to pay, rate ranges from $0.25 to $1.75 for each $1,000 of net worth in Alabama. Available incentives include pollution-control equipment deduction and air carrier with hub operations deduction. Learn More
Corporate income tax rate is 6.5 percent. Based on the net taxable income of business done in Alabama, businesses are permitted to deduct all of their federal taxes apportioned to Alabama. Potential incentives include net-operating loss carryforward, pollution-control equipment deduction, and basic skills educational tax... Learn More
The investment incentive is a credit of up to 1.5 percent of the qualified capital investment expenses for a qualifying project for up to 10 years. This credit can be taken against the Alabama income tax liability and/or utility tax liability. Learn More
The Alabama Jobs Act credit can be used to offset a company’s utility taxes due or can be a refund of a company’s utility taxes regardless of the amount paid. Learn More
The non-educational portion of property taxes can also be abated for up to 20 years. Additionally, there are pollution-control equipment exemptions, raw materials inventory exemptions, and no property taxes on inventory. Learn More
The abatement of all state and the local non-educational portion of construction-related transaction (sales and use) taxes associated with constructing and equipping a qualifying project. Learn More