Gadsden Industrial Development Authority
Gadsden-Etowah IDA Gadsden-Etowah IDA Gadsden-Etowah IDA Gadsden-Etowah IDA Gadsden-Etowah IDA Gadsden-Etowah IDA Gadsden-Etowah IDA

Financial Incentives

Financing Information

Conventional financing

Local financial institutions that engage in business lending are:

Taxes & Fees

Income Taxes

Alabama's maximum corporate income tax rate is 6.5%; federal income taxes paid or accrued are deductible, reducing the effective rate to approximately 4.3%. Investments in pollution control equipment also are deductible in computing Alabama income. There are no minimum state income tax requirements. Net operating loss carry-forwards are permitted.

Incentives

The Gadsden-Etowah County Industrial Development Authority will help you obtain all the incentives for which your project qualifies.  However, it is essential for state notification requirements to be fulfilled and for approvals to be in place before you incur project costs.  Our staff can accomplish this quickly with a little information from you.  The state also requires applicants to be enrolled in the federal E-verify program.  Our local and state governments have a pro-business attitude, and have promptly approved 100% of the incentive applications submitted by the IDA for new and expanding companies.

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Gadsden-Etowah County Industrial Development Authority
Gadsden-Etowah County Industrial Development Authority
Copyright 2011. All Rights Reserved. — Launch Admin Admin
One Commerce Square • Gadsden, AL 35901
Phone: 256.543.9423 • Fax: 256.547.2351
Gadsden-Etowah County Industrial Development Authority One Commerce Square, Gadsden AL 35901 Phone.256.543.9423 Fax.256.547.2351