Increases the amount of the tax credit for the rehabilitation of certain residential structures and extends the taxable periods in which the tax credit applies (EN DECREASE GF RV See Note)
Provides for credit from income tax for eligible costs and expenses incurred during the rehabilitation of certain residential structures in storm impacted or economically depressed areas. (8/15/11)
Extends income tax credits for the rehabilitation of certain owner-occupied residential structures. (gov sig) (EN DECREASE GF RV See Note)
An Act Concerning The Use Of Historic Structures And Vacant Government Buildings For Economic Development.
Removes end date on applicability of certain tax credits for rehabilitation of certain residential and historic structures. (8/1/15)
Relating to taxation; to amend Sections 40-9F-31, 40-9F-33, and 40-9F-38, Code of Alabama 1975; to further provide certain age restrictions for structures to qualify for tax credits; 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.
Relating to tax credit for qualified rehabilitated buildings investment
Relating To Vacant And Abandoned Residential Property.