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Tax Incentives

Specific information about the tax incentives available to new and expanding industries in Athens and Limestone County, Alabama is available from the Limestone County Economic Development Association. To request more information, call 256-232-2386. Tax information can also be found on the Alabama Department of Revenue website.

Business Privilege Tax Incentives
The Alabama business privilege tax is based on the company’s net worth in Alabama. Deductions are available for companies investing in certain types of pollution control equipment and for investments made on qualifying aircraft-related property, equipment, facilities, structures and equipment when used by a certified or licensed air carrier with a hub.

Corporate Income Tax Incentives
Alabama is one of only two states that allow for a full deduction for all federal income taxes apportioned to Alabama. Additionally, the state offers highly competitive income tax incentives for new and expanding industries.

Incentives for business in Limestone County, Alabama include:
  • Net operating loss carryforward
  • Pollution control equipment
  • Income tax capital credit
  • Basic skills education tax credit

Income Tax Capital Credit
Businesses with qualifying projects may receive a capital credit to be applied to their income tax liability. The capital credit is calculated at 5% of the total capital costs of a qualifying project and is available every year for 20 years.

Qualifying Project must be a:
  • Headquarters facility
  • Manufacturing (NAICS Sectors 31, 32 and 33, excluding 311811)
  • Wholesale trade (NAICS Sectors 42)
  • Publishing industries – except Internet (NAICS Subsector 511)
  • Data processing services (NAICS Industry Group 5142)
  • Computer systems design and related services (NAICS industry group 54171)
  • Online information services (NAICS Industry 514191)
  • Any process or treatment facility which recycles, reclaims, or converts materials, which includes solids, liquids or gases, to a reusable product.

Capital Investment must be:
  • Not less than $2,000,000 for new, expansion, and headquarters facility projects
  • Not less than $1,000,000 for small business addition projects

Employee Requirements must be:
  • At least 20 new employees at new, expansion, or headquarters facility projects
  • At least 15 new employees at small business addition projects
  • New Employees must be paid either an average hourly wage of at least eight dollars per hour or an average total compensation of not less than ten dollars per hour, including benefits. There are exceptions to this qualification requirement.

Property Tax Incentives
Alabama does not levy property tax on inventory and allows for exemptions for raw materials and finished goods inventories. However, inventory used for lease or rental purposes is subject to the property tax. Other incentives include deductions for pollution control equipment and special local incentives for new and expanding businesses in Athens, Alabama.

Sales and Use Tax Incentives
Alabama’s tax statues allow for greater sales and use tax incentives and deductions available for new and expanding businesses within the state. Exemptions are included for certain

Incentives for businesses in Limestone County, Alabama include:
  • Vendor discount for sales taxes paid timely
  • Exemptions for raw materials
  • Sales and use tax reciprocity
  • Deductions for pollution control equipment
  • Exemptions for quality control testing and donations to charitable entities
  • Utility gross receipts tax exclusions

Property and Sales Tax Abatements
Limestone County and cities within the county have the ability to provide abatements for local property and sales tax liabilities. Businesses must meet certain requirements to qualify.

Available abatements include:
  • State sales and use taxes
  • Non-educational county and city sales and use taxes
  • Non-educational state, county and city property taxes (up to 10 years)
  • Mortgage and recording taxes