Factsheet: Alabama Reinvestment and Abatements Act

Alabama Reinvestment and Abatements Act

Key Information
Full name of Instrument & Measure (English): 
Alabama Reinvestment and Abatements Act
Description: 
The Alabama Reinvestment and Abatements Act creates incentives to encourage capital reinvestment by businesses in Alabama into their current operations, and grants additional authority to abate noneducational ad valorem taxes for renewable energy facility that produces electricity or natural gas, in whole or in part, from biofuels or from renewable energy resources.
Goal/Aim: 
Support production of renewable electricity. Support investments in biomass electricty systems.

Sector/Topic targeted:

Responsible Authority: 
RFD Economic Development and Tourism

Status:

Trade Relevance: 
Policies stimulating domestic use of biomass => availability for export
Year Instrument & Measure Started: 
2015