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Cover Story: New Energy Powers Growth

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states with service to all six Class I railroads, and offers more than 7,300 miles of oil pipeline and 11,200 miles of gas pipeline. In November 2013, a new generation of biofuels debuted at this Penn Minnoco station in south Minneapolis. So evolved is Louisiana’s pipeline infrastructure that the state’s No. times that of the Nos.

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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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