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COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

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OPEN FOR BUSINESS IN INDIANA. The goal of Indiana’s Shovel Ready Program is to expedite the business location process by making the sites more attractive to companies and site-selection consultants who are looking to locate or expand their business. “A Indiana Lt. Photo: Windu.com).

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State by State Incentives Guide

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Property Tax Abatements: The Tax Incentive Reform Act of 1992 (TIRA) allows qualified industries to receive abatements of non-educational property taxes for new businesses locating to Alabama and for expansions of existing facilities in Alabama. The combined state and local millage rate would then be applied to the assessed value.

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STATE INCENTIVES GUIDE

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BROWNFIELD DEVELOPMENT TAX ABATEMENTS: Gives cities and counties the ability to abate the following: Non-educational city and county sales & use taxes; Non-educational state, city and county property taxes—up to 20 years; Mortgage and recording taxes. Three of the nation’s 40 Renewal Community areas are in Alabama.

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