Alabama Adopts Rules Governing State HTC

Thursday, January 11, 2018 - 12:15pm

The Alabama Department of Revenue implemented rules effective Feb. 19 concerning improperly obtained state historic tax credits (HTCs) and the recapture of state HTCs. The rules clarify liability for improperly obtained credits and spells out that recapture will be proportionate to the recapture of federal HTCs. Alabama provides a 25 percent HTC for qualified rehabilitation expenses and was launched in 2017.