Alabama Taxes and Tax Incentives

Joseph Burchfield with the Alabama Department of Commerce presented an overview of the newly passed state economic incentive package, the Alabama Jobs Act, at the August 2015 Board Meeting. 

The Alabama Jobs Act contains two main components: (1) a jobs credit with an annual cash refund up to 3 percent of the previous year’s gross payroll for up to 10 years, and (2) an investment credit of up to 1.5 percent of the qualified capital investment expenses for up to 10 years.

Click here for a summary of the Alabama Jobs Act and other Alabama taxes and tax incentives.

resource categories: