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State by State Incentives Guide

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ALABAMA - updated for 2014. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan.

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Business Facilities’ 2015 State of the Year: Alabama

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After Mercedes-Benz planted its flag in Tuscaloosa, a bevy of leading automakers—including Hyundai, Toyota and Honda—also established major manufacturing facilities in Alabama, helping the state capture the top ranking for Automotive Manufacturing Strength in BF’s 2014 State Ranking Report. Airbus is expected to roll out its first U.S.-made

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Business Facilities’ 2015 State of the Year: Alabama

Buisness Facilities Contributed Content

After Mercedes-Benz planted its flag in Tuscaloosa, a bevy of leading automakers—including Hyundai, Toyota and Honda—also established major manufacturing facilities in Alabama, helping the state capture the top ranking for Automotive Manufacturing Strength in BF’s 2014 State Ranking Report. Airbus is expected to roll out its first U.S.-made

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STATE INCENTIVES GUIDE

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INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

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FEATURE STORY: 2013 Economic Development Awards

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These programs have resulted in substantial upward mobility for current and new Broward County residents, while providing substantial returns on investment to local municipal partners through the generation of new revenue as a result of capital investments. Last year, Duncan Aviation opened an $11.5-million million paint shop.

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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

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After swallowing that gloomy news, Californians trudged to the polls in November and approved a referendum increasing their state income taxes by a whopping $6 billion a year. From a statistical perspective, one measure that illustrates how a community’s economic health is trending can be seen through tracking the area’s median income levels.