ALABAMA

Type of Incentive: Tax credit; refundable; non-transferable

Benefit Details: 25% of qualified spend in state (excluding resident labor); 35% of resident labor. Only the first $20,000,000 of spending in state qualifies for the tax credit.

Project Cap: None

Annual Cap: $20 million per fiscal year

Loan-Out Company Considerations: Loan outs must make estimated state tax payments

Qualified Labor: Resident and Nonresident; Above the Line and Below the Line. Various caps on Nonresident labor.

Qualified Production Expenditures: Incurred in the State; In-State Vendors; Fringes Paid for Qualified Labor; Taxes Paid for Qualified Labor.