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State by State Incentives Guide

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Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The credit is available to all types of business entities, including: S corporations, C corporations, limited liability companies (LLCs), partnerships, trust and sole proprietorships. The tax for existing entities accrues as of Jan.

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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: 2016 Economic Development Awards

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of Business and Economic Development for the Biotechnology Investment Tax Credit Program, which provides income tax credits for investors in qualified Maryland biotechnology companies. If the credit exceeds the tax liability, the remaining credit is refundable. The income tax credit earned may be sold upon approval by AEDC. .

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FEATURE STORY: 2013 Economic Development Awards

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Connecticut-based Turbine Controls, Inc. Taxpayers may apply 10 percent of the total credit amount per year over a ten-year period against their corporate business tax, insurance premiums tax or gross income tax liability. TCI) announced it is undertaking a $1.5-million million expansion in Miramar, creating 60 jobs.

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