Local Incentives

PIKE COUNTY Abatement of non-educational sales tax on construction material, Machinery and equipment placed in service at the facility. Abatement of non-educational property tax on land, building, machinery and equipment for 10 years. Capital Tax Credit which allows qualified companies to claim tax credit against Alabama income tax liability. This credit cannot exceed 5% of initial capital investment cost annually and also cannot exceed twenty years from the date the project is placed in service. Pike County has an Enterprise Zone designation, which will allow several other options for tax credits such as credits against Business Privilege Tax liability. $450,000.00 zero interest loan to qualified company that can be used for purchase of building, land, machinery or equipment. Possible grant for Pike County Economic Development Corp. to purchase equipment and lease back to company. South Central Regional Planning Council also has available a $100,000.00 low interest loan (4%) can be used for purchase of machinery and equipment. Possible Tax Free Bond financing with a low interest rate or Bond financing with a deferment on principal payment for up to five years. If company locates in a Bell South service area (Troy is one) the following incentives are available: -100% waiver or credit of normal service deposit for telephone service -50% discount on all monthly charges for 12 months upon being certified -100% waiver or credit of all service connection/installation charges for applicable services State Industrial Access Grant to construct road to site Other local incentives may be available, based on the details of the proposed project. We would need to know such things as the wage rates and benefit package for the number of employees that will be hired and the electrical load for the facility. The Pike County Economic Development Corporation will assist the company in applying for these State and Local incentives. We appreciate the opportunity to be considered by your company as a possible location for your company.

Alabama Taxes & Incentives

• Alabama's Capital Investment Tax Credit
  • Alabama Enterprise Zone Credit
  • Employer Education Credit
• Tax Structure & Abatements
  • Property Tax
  • Business Privilege Tax
  • Income Tax
  • Sales & Use Tax
  • Inventory Tax
  • Utility Exemptions
• Grants & Other Financing Incentives
  • Industrial Development Grant Program
    (Site Development)
  • Alabama Infrastructure Grant Program
  • Alabama Industrial Access Road and Bridge Program
  • Industrial Revenue Bonds
  • Alabama Economic Development Loan Program

Incentives for Film Production

Alabama Development Office