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Find similar grantsGrowing Alabama Tax Credit Program is sponsored by Alabama Department of Commerce (administered through the Renewal of Alabama Commission). This program uses private dollars to improve publicly owned sites for economic development. Donors receive a tax credit equal to the value of their contributions to approved economic development organizations.
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Search similar grants →Extracted from the official opportunity page/RFP to help you evaluate fit faster.
Growing Alabama Credit - Alabama Department of Revenue Office of the Commissioner Rural Hospital Investment Tax Credit Innovating Alabama Tax Credit Procedures for Eligible Donors Railroad Modernization Act Credit Claiming Procedures Railroad Modernization Act Childcare Facility Tax Credit Procedures for Claiming a Facility Credit Sections 40-18-417 through Section 40-18-417.
7 , Code of Alabama 1975 Act 2021-2 provides a tax credit to eligible taxpayers who make contributions to Economic Development Organizations (EDO) for approved qualifying projects. Taxpayers donating to an EDO for approved projects receive a Growing Alabama Credit equal to their donation. The Alabama Department of Commerce is the administering agency for the Growing Alabama Credit.
All inquiries regarding eligibility and qualifications for prospective projects should be addressed to incentives@commerce. alabama. gov or 334-242-0400.
Additional Information on the Credit Provisions of the Growing Alabama Credit include: The credit is equal to 100 percent of the donating taxpayer’s contribution (up to the reserved amount) to the EDO during the tax year for which the credit is claimed and may offset up to 50 percent of the donor’s tax liability. Financial institutions may use the credit to offset 50 percent of their state portion of the excise tax liability.
The credit can be used to offset individual and corporate income taxes, the state portion of the financial institution excise tax, insurance premium tax, and state utility license tax. The credit may pass through to owners of a pass-through entity. The credit is only available to donating taxpayers and cannot be transferred or assigned but may be carried forward for five years.
The Growing Alabama Credit may not be claimed for any contribution for which a separate itemized deduction is claimed. Additional provisions include: Reservations to qualifying EDO projects are allowed only when an available project has been approved by the Alabama Renewal Commission, the Growing Alabama Funding Agreement has been executed, and the online project reservation has been opened by ALDOR.
A donating taxpayer must reserve the Growing Alabama Credit online using My Alabama Taxes. Donors have 30 days from the date the online reservation for the project is opened in My Alabama Taxes to reserve the Growing Alabama Credit. Reservations are available on a first-come, first-served basis, and reservations will not be accepted once the 30-day reservation period has ended.
The credit reservation grants the donor 21 calendar days from the date of online reservation to make the cash contribution to the EDO. Within 60 days after the project has been opened in My Alabama Taxes, the EDO must confirm that the donation has been received, the project has been funded, and the project will be undertaken by the EDO before the donor is entitled to the reserved credit.
Instructions on Reserving a Growing Alabama Credit Department of Commerce Rules: Growing Alabama Credit
Key questions and narrative sections extracted from the solicitation.
Describe the qualifying project. If the Growing Alabama project is part of a larger project, describe the complete project and identify what portion is requested to be funded through Growing Alabama. Site improvement and public infrastructure projects should include the estimated number of jobs, wages and capital investment associated with the project.
Provide a narrative describing why the EDO's project should be funded through the Growing Alabama program.
In addition to the Growing Alabama funding request, identify the amount and source of other funds requested and/or received to undertake the project.
Based on current listing details, eligibility includes: Economic Development Organizations (EDOs) for approved qualifying projects. Alabama taxpayers making cash contributions to EDOs for approved projects receive the tax credit. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Funding amounts vary based on project scope and sponsor guidance. Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.