We at the Tuscaloosa County Economic Development Authority are eager to help businesses grow and innovate profitably. Contact us about how we can help you maximize tax and non-tax incentives, including tax abatements and credits, financing resources, and workforce training services. Specific local incentives are summarized below, and more detailed information can be found on the Alabama Department of Revenue website.
7.65% or 8.65% eligible for abatement to qualifying companies during the construction phase of the project
2.865% or 3.24% eligible for abatement to qualifying companies during the construction phase of the project
Tax-exempt industrial revenue bonds (IRBs) of up to $10 million may be issued by our organization to finance up to 100% of new and expanding manufacturing projects.
Taxable industrial revenue bonds with fewer restrictions and in unlimited amounts may be issued by our organization for transactions that do not qualify for tax-exempt bond financing.
Solid waste and sewage disposal bonds can be structured to the extent an engineering study justifies treating a portion of plant costs as attributable to solid waste or sewage disposal.