Enterprise Zone Program (Alabama)
Last modified on February 12, 2015.
|Applies to States or Provinces||Alabama|
|Name||Enterprise Zone Program (Alabama)|
|Policy Category||Financial Incentive|
|Policy Type||Enterprise Zone|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||Alabama Department of Economic and Community Affairs|
The Enterprise Zone Program provides certain tax incentives to corporations, partnerships and proprietorships that locate or expand within designated Enterprise Zones. In addition to state-level tax incentives, businesses may also receive local tax and non-tax incentives for locating or expanding within a designated Enterprise Zone. Section 5 of the Alabama Enterprise Zone Program offers the following tax incentives: Credit based on income tax liability from Enterprize Zone Project Operations; Credit for new capital investment; and a company may claim a credit of up to $1,000 per new permanent employee for training new permanent employees in new skill areas. Section 11 offers certain exemptions.
|Contact Name||Enterprise Zone Coordinator|
|Department||Alabama Department of Economic and Community Affairs|
|Division||Governor’s Resources for Economic Assistance Program|
|Address||401 Adams Avenue—Suite 410|