Relating to taxation; to amend Sections 40-9F-31, 40-9F-33, and 40-9F-38, Code of Alabama 1975, to increase the amount of tax credits that may be provided in a tax year; to allow rehabilitation credits to be tied to the year in which the reservation is allocated; to provide for additional rehabilitation credit allocations; to further provide for the membership of the Historic Tax Credit Evaluating Committee and the factors considered by the committee; and to make nonsubstantive, technical revisions to update the existing code language to current style.
An Act Consolidating Certified Historic Structure Rehabilitation Tax Credits.
Provides for the transferability of the income tax credit for the rehabilitation of historic commercial structures (EN DECREASE GF RV See Note)
Extends the tax credit for the rehabilitation of historic structures and provides for the applicability of such credit. (gov sig) (EG DECREASE GF RV See Note)
Relating to tax credit for qualified rehabilitated buildings investment
Florida Main Street Program and Historic Preservation Tax Credits
An Act Concerning Opportunity Zones.
Provides relative to the application fee for projects applying for the rehabilitation of historic structures tax credit applicable to nonresidential property (EN +$552,000 SG RV See Note)