Rural Jobs and Investment Tax Credit

January 05, 2023 | Tax Credit Review

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the fifth year, the IFO reviewed the Manufacturing, Resource Manufacturing, Rural Jobs and Investment, and Waterfront Development Tax Credits.

Click on the link to access the Rural Jobs and Investment Tax Credit Report.

The report was amended on February 17, 2023 to include updates to Table 3.1 on page 14.

Following publication of the RJITC report, the IFO became aware of a data discrepancy contained within a referenced study. As a result, the RJITC report was updated to exclude references to the “Evaluation of Alabama’s Entertainment Industry Incentive Program and New Markets Development Program” on February 23, 2023.

Tags: credit, tax

Full Report