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INCENTIVE DESCRIPTION
| State: | AL |
| Incentive Type: | Utility Tax and Rate Incentives |
| Incentive Title: | Utility Tax Exemptions |
| Description: | 1. Alabama law allows an exclusion from utility gross receipts tax and utility service use tax used in certain types of manufacturing and compounding process. Water use may be exempt if 50% or more is used in an industrial manufacturing process. 2. Utility Exemptions or Abatements may be available through the local utility provider. The TVA utility provides a credit on the electricity kilowatt use. |
| Eligibility Requirements: | 1. Must be a qualifying manufacturer or processor. Must complete required applications. 2. Eligibility must meet the requirements established by the local utility. |
| Geographic Restrictions: | Statewide |
| Granting Authority: | State of Alabama |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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