Local financial institutions that engage in business lending are:
Taxes & Fees
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.
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.