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State by State Incentives Guide

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Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act. The program provides state and local tax incentives and non-tax incentives to businesses and industries located within Alabama’s Enterprise Zones. May not have closed or reduced employment elsewhere in Alabama in order to expand into an enterprise zone.

Income 108
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STATE INCENTIVES GUIDE

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ENTERPRISE ZONE CREDIT: To stimulate growth in depressed areas of the state, Alabama offers certain tax credit incentives to business that locate or expand within a designated enterprise zone. The business must sign a job-creation agreement under the Advantage Arkansas program within 24 months of signing the Tax Back agreement.

Income 75
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Feature Story: 2016 Economic Development Awards

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Shovel Ready Silver builds upon those attributes by maintaining documentation that is less than one year old and having proper zoning and infrastructure built to the property. The income tax credit earned may be used to offset 50 percent of the investor’s Arkansas income tax liability in any one tax year.

Indiana 40