Alabama HTC to Expire

Monday, May 9, 2016 - 12:00pm

A bill to extend Alabama’s state historic tax credit (HTC) program until 2022 died without a vote in the Senate when Alabama’s legislative session ended last week. H.B. 62 was passed by the Alabama House of Representatives in April, but was held up in the Senate by President Pro Tem Del Marsh because of budget concerns. Alabama state HTCs will not be available to owners of qualified structures that submit an application and rehabilitation plan after May 15.