Sales & Use Tax Abatement of non-educational portion of sales and use taxes on construction materials, equipment and other capitalized costs.
Property Tax Abatement for 10 years of the non-educational portion of property tax.
Requirements
Projects must have a qualifying business activity (Section 40-9B-3(a)(10) of the Code of Alabama, 1975).
No job creation requirement (exceptions: data centers must create 20 net new jobs; headquarters must create 50 net new jobs).
Abatements must be approved by the City Council.
Existing Facility: Refurbishments, Upgrades, or Placed Back in Service
Benefits
Sales & Use Tax Abatement of non-educational portion of sales and use taxes on construction materials, equipment and other capitalized costs.
Property Tax Abatement for 10 years of the non-educational portion of the incremental property tax increases.
Utility Tax Abatement for increased utility services for up to 10 years.
Requirements
Projects must have a qualifying business activity (Section 40-9B-3(a)(10) of the Code of Alabama, 1975).
No job creation requirement (exceptions: data centers must create 20 net new jobs; headquarters must create 50 net new jobs).
For property tax abatements for all years, they City Council abates City non-educational property taxes, the applicable County abates County non-educational property taxes, and the Governor abates State non-educational property taxes.
Associated capital investment must be at least $2,000,000.
A project receiving benefits under this incentive cannot also receive benefits under the Alabama Jobs Act.