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Cover Story: New Energy Powers Growth

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and has four plants in Minnesota. From opening its first E15 station, to blending higher amounts of biodiesel, to developing processes to make renewable fuel out of new feed stocks, Minnesota is driving the next generation of renewable fuels, supporting thousands of jobs and generating billions in economic activity. Department?

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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 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. The rates range from $.25

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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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of employment in its biotech sector, anchored by its world-class research institutions, including the Mayo Clinic and the University of Minnesota. 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.

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