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AL
Alabama New Markets Development Credit
State tax credit for investments supporting businesses in low-income Alabama communities.
About this program
The Alabama New Markets Development Credit supports qualified equity investments in community development entities that finance businesses and projects in eligible low-income communities.
Eligibility
Qualified community development entities and businesses financed through approved low-income community investments.
Requirements
- Investment must be made through a qualified community development entity
- Project must meet low-income community business rules
- Comply with state tax credit requirements