The 2013 Alabama Historic Rehabilitation Tax Credit provides for an income tax credit against the tax liability of the taxpayer for the rehabilitation, preservation, and development of historic structures.
The 2017 Alabama Historic Rehabilitation Tax Credit provides for a refundable income tax credit against the tax liability of the taxpayer for the rehabilitation, preservation, and development of historic structures.
The Income Tax Capital Credit program, repealed by Act 2015-27, sunset on January 2, 2016, for new projects. Projects that filed a Form INT with the Alabama Department of Revenue on or before January 2, 2016, have been grandfathered into the program. An update to the capital credit program statute was passed under Act 2021-240 to provide relief for the companies directly impacted by the Coronavirus (COVID-19) pandemic.
Act 2021-2 provides a tax credit to eligible taxpayers who make contributions to Economic Development Organizations (EDO) for approved qualifying projects. Taxpayers donating to an EDO for approved projects receive a Growing Alabama Credit equal to their donation.
The Alabama Industry Recognized and Registered Apprenticeship Program offers a tax credit to companies that hire qualified apprentices who receive classroom or industry-specific instruction and on-the-job training.
Act 2023-33 provides a tax credit to qualifying donors who donate to economic development organizations (EDOs) that create, operate, or support certain programs relating to technology accelerators and underrepresented companies.
Section 40-18-220 provides a credit to corporations engaged in coal production within Alabama. The credit amounts to $1 per ton of increased coal production over the previous year’s output. The credit applies to tax years commencing on or after January 1, 1995, based on coal production in Alabama certified by the coal producer.
Section 40-18-403 of the Code of Alabama provides for a discretionary income tax credit for businesses that utilize Alabama’s port facilities.
Separately, The Alabama Enterprise Zone Program provides certain tax incentives to corporations, partnerships, and proprietorships that locate or expand within designated Enterprise Zones.