ECONOMIC DEVELOPMENT/TAX INCENTIVES

The State of Alabama, and even its counties and municipalities, offer a broad array of economic and tax incentives for businesses looking to build a new facility or expand an existing facility.  We have experience advising businesses regarding how to obtain incentive grants, tax abatements, capital credits, and special tax rates from the State of Alabama and its counties and municipalities.  This experience includes negotiating the incentives with local governmental officials, working with the State of Alabama Department of Revenue’s Office of Economic Development, and drafting the necessary agreements.    

• Sales tax abatements
• Ad valorem tax abatements
• Recording and transfer tax abatements
• Capital credits
• Site development grants and other grants
• Special tax rates for capital equipment, machinery, and similar items