Alabama Enterprise Zone
Alabama Enterprise Zones Tax Credit is available to corporations, partnerships, and proprietorships located within the boundaries of an Enterprise Zone to expand its labor force, make new capital investment or prevent loss of employment. Maximum tax credit shall not exceed $2,500 per new permanent employee and may be applied to any Alabama income tax liability or any Alabama corporate franchise tax liability.
Eligibility
Alabama Enterprise Zones Tax Credit is available to employers located within the boundaries of an Enterprise Zone. Employer need to certify that at least 30% of new permanent employees.
(Non)Refundable
Non Refundable
How To Claim
You can claim Enterprise Zone credit by filling Form 40 OR 40NR.
Additional Info
For information please contact:
Alabama Department of Economic and Community Affairs
Enterprise Zone Coordinator
401 Adams Avenue
P.O. Box 5690
Montgomery, AL 36103-5690
334-242-5477