Section 40-18-370 through Section 40-18-383, Code of Alabama 1975
Alabama Department of Commerce
401 Adams Avenue
P.O. Box 304106
Montgomery, AL 36130-4106
Section 40-18-376 provides for a discretionary credit depending upon the qualifications of the approved company’s capital investment and the requirements set forth in §40-18-371. Only taxpayers that have been approved by the Alabama Department of Commerce for qualifying projects are eligible to claim the credit as provided in the executed State Project Agreement. Once the Alabama Department of Commerce certifies the annual Investment Credit, an allocation must be made via My Alabama Taxes (MAT). Please see the bottom of this page for further details on submitting an investment credit allocation schedule through MAT.
For more information regarding eligibility, qualifications, and procedures for a new or expanding project, please contact Ted Clem, Director of Recruitment and Retention at firstname.lastname@example.org or 334-242-0400. For additional information on the Investment Credit, please click here.
*For qualifying investments in a targeted or a jumpstart county or certain underrepresented companies, the incentive period is available for up to 15 years (Act 2021-2).