State Incentives
Alabama offers businesses an attractive taxation environment – one of the nation’s lowest overall tax burdens. In addition, Alabama provides a number of tax incentives designed to assist with a cost-effective start-up and provide continued operational savings. Some incentives include:
- Income Tax
- Property Tax
- Sales and Use Taxes
- Business Privilege Tax
- Alabama Reinvestment and Abatements Act
- Jobs Act Incentives
- Full Employment Act of 2011
- Enterprise Zone Credit / Exemption
- Heroes for Hire Credit
- Industrial Development Grant Program
Local Incentives
Local incentives in Phenix City are also available in addition to the incentives offered by the state:
- Property Discounts
- Industrial Revenue Bonds
- Property and Sales Tax Abatements
- Infrastructure Improvements
- Other incentives possible depending on the scope of project
Tax Breakdown |
Rate |
|---|---|
| Millage Rate (City) | 59 |
| Millage Rate (County) | 36 |
| Assessment Rate | 20% |
| Effective Property Tax Rate (City) *$11.80 per $1,000 of Fair Market Value |
1.18% |
| Effective Property Tax Rate (County) *$7.20 per $1,000 of Fair Market Value |
0.72% |
| Local Sales Tax (City) | 4.5% |
| Local Sales Tax (County) | 1% |
| State Sales Tax | 4% |
| Total Sales Tax (City) | 9.5% |
| Total Sales Tax (County) | 7% |