Whether you are a new company looking to relocate to Marengo County, Alabama, or an existing company wanting to expand here, there are tax incentives that may be available to you. A summary of these can be found below.
In addition to the state-level tax incentives listed below, local-level incentives may also be available.
Marengo County has been designated as an Enterprise Zone. Under certain conditions, an enterprise zone credit (Section 5) or exemption (Section 11) for income tax, sales and use tax, and/or business privilege tax is available for qualified participants.
Businesses with 50 or fewer employees may receive a one-time income tax credit equal to $1,000 per new job paying over $10 per hour.
A one-time $1,000 income tax credit for each recently deployed, and now discharged, unemployed veteran hired and a $2,000 income tax credit to recently deployed, and now discharged, unemployed veterans who start their own businesses. Employer must also meet the requirements of the Full Employment Act of 2011.