Incentives

Franklin County, Alabama offers competitive tax incentives and business assistance programs to help industries locate and expand existing facilities within the county. For assistance with these and other business assistance programs, contact us at (256) 332-8726.

Alabama Taxes & Incentives

Alabama Tax Incentives Summary includes information on the following programs:

  • Income Taxes
  • Property Taxes
  • Sales & Use Taxes
  • Business Privilege Tax
  • Income Tax Capital Credit
  • "Made in Alabama" Job Incentives Act
  • Full Employment Act of 2011
  • Heroes for Hire Credit

For more information download the PDF.

Income Tax Capital Credit

Available to qualifying businesses, the credit is calculated at 5% of the total capital costs of the qualifying project for up to 20 years and is applied to the Alabama Income Tax liability.
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Available Tax Abatements

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.
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Business Privilege Tax Incentives

Replaces the former franchise tax and is capped at $15,000 except for financial institutions and insurance agencies.
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Additional Income Tax Incentives

Additional tax incentives are available for qualifying businesses, which include: Net Operating Loss Carry-Forward; Pollution Control Equipment; Educational Tax Credit

  • “Made in Alabama" Job Incentives Act
  • Full Employment Act of 2011
  • Heroes for Hire Credit

Additional Non-Tax Incentives

For more information download the printer-friendly pdf. Alabama Non-Tax Incentives Summary includes information on the following programs:

Workforce Recruitment Training Programs:

  • AIDT (Alabama Industrial Development Training)

TVA Programs Include:
Click each one to visit the website and learn more.

Grants & Other Assistance Summary
Includes the following programs:

  • AlabamaSAVES Loan Program
  • Industrial Development Grant Program (Site Preparation)
  • Industrial Access Road & Bridge
  • One-Stop Environmental Permitting
  • Industrial Revenue Bonds (IRBs)
  • Economic Development Revolving Loan Funds
  • Alabama Improvement Districts
  • Alabama Innovation Fund: TVA Economic Development Loan Fund
  • Community Development Block Grant/Loan Program
  • Appalachian Regional Commission Grants
  • USDA Rural Development in Alabama

For more information click here to download the PDF.

Small Business Administration Loans
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To see if your company qualifies for Abatements or other Incentives contact us at (256) 332-8726 or This email address is being protected from spambots. You need JavaScript enabled to view it.