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Alabama Bill Would Extend State HTC Through End of 2029

Wednesday, February 10, 2021 - 9:45AM

Legislation introduced in the Alabama House of Representatives would extend the state historic tax credit (HTC) through the end of 2029. H.B. 281 would extend the HTC sunset date from the end of 2022 and would update a provision that requires a portion of credits to be reserved for taxpayers in counties with a population that don’t exceed 175,000 residents to be based on the most recent census, not the 2010 census. The Alabama HTC is for 25% of qualified rehabilitation expenditures.

The 2020 Novogradac Historic Rehabilitation Handbook provides an overview of the HTC and includes guidance and updates to navigate the incentive.

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