Your Town Alabama: Designing Our Future

Historic Tax Breaks Continued

The Alabama Historic Preservation Tax Credit creates a similar statewide program available to both commercial and residential properties. This incentive would reverse disinvestments and blight in historic neighborhoods through home ownership. The AHPTC is attractive to current homeowners as well as families on the cusp of home ownership. Rehabilitation activity provides jobs, bolsters the tax base, and utilizes existing infrastructure therefore mitigating "sprawl" and saving taxpayers' dollars.

• Commercial property - the program creates a 20% state tax credit. Rehabilitation must be substantial. (Can be combined with current 20% federal tax credit).
• Residential property - the program creates a 20% state tax credit for rehabilitating residential historic properties. Rehabilitation must be substantial; expenses must exceed $25,000 within a 24-month period. In the case of a historic house located in a HUD target area, a 25% state tax credit is available. The maximum credit for a residential rehabilitation is $30,000 per dwelling unit.

For more information, about the Alabama Historic Preservation Tax Credit, contact the Alabama Historical Commission, 468 South Perry Street, Montgomery, Alabama 36130-0900.
Phone (334) 242-3184
Web:  www.alabamapreservation.org