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COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

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IOWA STARTS WITH MEGA SITES. Iowa’s program is one of the newest out there and is still under development. The Iowa Economic Development Authority (EDA) is currently working with McCallum Sweeney to build the program. “We The University of Iowa Research Park located in the city of Coralville (Photo: The University of Iowa).

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State by State Incentives Guide

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Property Tax Abatements: The Tax Incentive Reform Act of 1992 (TIRA) allows qualified industries to receive abatements of non-educational property taxes for new businesses locating to Alabama and for expansions of existing facilities in Alabama. The combined state and local millage rate would then be applied to the assessed value.

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STATE INCENTIVES GUIDE

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BROWNFIELD DEVELOPMENT TAX ABATEMENTS: Gives cities and counties the ability to abate the following: Non-educational city and county sales & use taxes; Non-educational state, city and county property taxes—up to 20 years; Mortgage and recording taxes. Three of the nation’s 40 Renewal Community areas are in Alabama.

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