HB271 Alabama 2012 Session

Sponsors

Session

Regular Session 2012

Title

Taxation, state income tax credit relating to Class 1, 2, 3 municipalities for rehabilitation of historic structures

Description

<p class="bill_description"> Under existing law, there is no state income tax credit in Alabama for the rehabilitation, preservation, or development of historic structures in the area designated by a municipality as the downtown core area or central business district or registered historic districts</p><p class="bill_description"> This bill would provide an income tax credit in an area designated by a municipality as a downtown core area or central business district or any registered historic districts in any Class 1, Class 2, or Class 3 municipality against the tax liability of the taxpayer for the rehabilitation, preservation, and development of historic structures</p><p class="bill_entitled_an_act"> Relating to a Class 1, Class 2, or Class municipality; to provide an income tax credit in any downtown core area or central business district or any registered historic districts against the tax liability of the taxpayer for the rehabilitation, preservation, and development of historic structures. </p>

Subjects

Taxation