Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Provides income tax credits for qualifying businesses that create new jobs and make capital investments in Alabama, with enhanced benefits for projects in distressed counties.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must create at least 50 new jobs (20 in tier 2/3 counties)
2.Minimum capital investment of $2M (lower thresholds for rural counties)
3.Jobs must pay at least 110% of average county wage
4.Credit equals up to 3% of payroll for new employees for up to 10 years
5.Must apply prior to making investment or announcing project
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.