DEMOPOLIS, Ala. – Alabama Pellets LLC stands to receive more than $10 million in tax breaks from Alabama for the wood pellet mill it is constructing in Demopolis.
The incentives include a $9.5 million investment credit and a $848,000 tax credit through Alabama’s Job Act Incentives program. To qualify for the full tax credit, Alabama Pellets will have to employ a minimum of 45 employees that earn an average hourly wage of $20. Both credits are spread over 10 years.
Source: Woodworking Network
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