Incentives
Find Your Incentive to Locate in Jackson County.
TVA Incentive Programs
The TVA Valley Incentive Programs (VIP) offers a unique range of economic incentives that will benefit your project from start-up to long-term success. VIP considers both economic and power system metrics to create a profile of your company’s value to the region, and that, in turn, determines appropriate funding levels.
Programs include:
- Investment Credit
- Performance Grant
- Loan Funds
- Security Deposit Coverage
Alabama tax credit up to 1.5% annually of the qualified capital investment in a qualifying project for up to 10 years; or 15 years for a qualifying Underrepresented Company.
The credit may be taken against Alabama income tax, financial institution excise tax, insurance premium tax.
The credit can be carried forward for five years.
Projects must have a qualifying business activity (Section 40-18-372 of the Code of Alabama, 1975).
At the discretion of the Governor, the first 3 years of Investment Credit may be transferred to another taxpayer for at least 85% of its face value.
Cash rebate of up to 3% annually of the previous years’ gross payroll (not including fringe benefits) for eligible employees who are Alabama residents. Available for up to 10 years.
Enhanced benefits may apply for Technology Companies, Underrepresented Companies, and companies engaged in pharmaceuticals, biomedical, medical technology, or medical supplies.
Up to an additional 0.5% rebate for eligible employees who are veterans, for a company with at least 12% veterans.
Projects must have a qualifying business activity (Section 40-18-372 of the Code of Alabama, 1975).
Sales & Use Tax Abatement of non-educational portion of sales and use taxes on construction materials, equipment, and other capitalized costs.
Property Tax Abatement for up to 20 years of the non-educational portion of property tax (data processing centers can be abated for up to 30 years).
Projects must have a qualifying business activity (Section 40-18-372 of the Code of Alabama, 1975).
No job creation requirements. Exception: data centers (20 net new jobs) and headquarters (50 net new jobs).
Sales & Use Tax Abatement of non-educational portion of sales and use taxes on construction materials, equipment, and other capitalized costs.
Property Tax Abatement for up to 10 years of the non-educational portion of property tax.
Project must have a qualifying business activity (Section 40-9B-3(a)(10) of the Code of Alabama 1975).
No job creation requirements. Exception: data centers (20 net new jobs) and headquarters (50 net new jobs).
Associate capital investment must be at least $2,000,000.
