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State by State Incentives Guide

Buisness Facilities Contributed Content

Inventory is exempt from property tax. In 2012 AIDT became a division of the Alabama Department of Commerce. Includes expenditures incurred for work performed after June 1, 2012 and before July 1, 2016. That is, for property with a fair market value of $1 million, the assessed value would be $200,000. TAX INCENTIVES.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. EQUITY INVESTMENT TAX CREDIT: Targeted toward new, technology-based businesses that pay wages in excess of the state or county average wage.

Income 75