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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.
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. The educational facility will also serve as fiscal agent for the project.
Its goal is to coordinate companies, research and education institutes to foster collaboration and innovation. In 2010, the Munich Biotech Region along with Bavaria’s Medical Valley Nuremberg were winners of the Leading Edge Cluster competition by the German Federal Ministry of Education and Research. In addition, Lt.
SGICC will use the bulk of the D2PA funds to provide grants to PA-based small companies to demonstrate the feasibility of emerging technologies, or seed funds to test and help launch ideas, and to assist in market acceptance and growth of shale energy focused products or services. Pictured (l-r) are MN State Rep. Photo: mda.state.mn.us.).
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