IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jun 2014 | Removal date: open ended
Still in force

Financial grant

In 2014 state and local governments in Alabama provided an incentives package for Golden Dragon Precise Copper Tube Group to locate in the poorest county in the state. This included up to $160 million over 20 years in capital income credits; $20 million in state discretionary grants; $8.5 million in property tax abatements; $5.7 million in site preparation and road improvements; $5.1 million in sales and use tax abatements; $1.8 million in worker training; and $1 million to purchase and prepare the site. Golden Dragon Precise Copper Tube Group is a company whose headquarters is in China.
 
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

415 Unfinished products of copper, nickel, aluminium, lead, zinc or tin
7411 Copper tubes and pipes.
741110 Of refined copper
741121 Of copperzinc base alloys (brass)
741122 Of coppernickel base alloys (cupronickel) or coppernickelzinc base alloys (nickel silver)
741129 Other

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