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INCENTIVE DESCRIPTION
| State: | AL |
| Incentive Type: | Special Purpose Zone Incentives and Credits |
| Incentive Title: | Enterprise Zone Credits |
| Description: | ENTERPRISE ZONE TAX CREDIT: Two enterprise zone credits are allowed under section 5 and section 11. Section 5 allows a tax credit up to $2500 per new permanent employee to be applied against income tax/ business privilege tax. Section 11 allows certain exemptions from taxes. This exemption is applicable to income, sales and use, and privilege tax liability. |
| Eligibility Requirements: | To qualify for the enterprise zone credit or exemption under section 5 or 11, a qualifying business must meet site location and employee qualifying requirements. |
| Geographic Restrictions: | Designated Gulf Opportunity Zone |
| Granting Authority: | Federal Government |
| 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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