Our business climate is one of the most competitive in the nation and the City of Madison and the State of Alabama offer new businesses economic development incentives as a long-term framework for success. Alabama's tax burden is among the lowest in the nation and Alabama is one of a small number of states that allow full deduction of federal taxes paid from state income tax liability. But there are still opportunities available to business and industry to improve financial burdens and keep more money for business development and expansion.

Visit the Industrial Development Board website for more information.

  1. Jobs Act Incentives
  2. Reinvestment & Abatement Act
  3. Financing Incentives

Jobs Credit. Annual cash refund up to 3% of the previous year's gross payroll for up to 10 years.

Investment Credit. A credit of up to 1.5% of the qualified capital investment costs for up to 10 years. Credit can be taken against the Alabama income tax liability and/or utility tax liability.

For additional information on any program you can contact the City of Madison, Planning & Economic Development Department or the State of Alabama.