HB271 Alabama 2012 Session

Summary

Primary Sponsor

Jim CarnsRepresentative

Republican

Co-Sponsors

Terri CollinsK.L. BrownRod ScottElaine BeechJohn W. RogersMary Sue McClurkinRichard J. LairdAllen TreadawayGreg WrenLynn GreerApril WeaverBarry MooreDavid SessionsJuandalynn GivanBill PooleDaniel H. BomanWayne JohnsonJim PattersonKen JohnsonKurt WallaceWes LongPhil WilliamsHoward SanderfordDuwayne BridgesMerika ColemanMary MooreJames E. BuskeyThomas JacksonAlan HarperMike MillicanYvonne KennedyOliver RobinsonDemetrius C. NewtonPatricia ToddRandy DavisMike HillBarry MaskSteve ClouseRandy WoodJamie IsonChad FincherDickie DrakeJack WilliamsMike BallVictor GastonLaura Hall

Session

Regular Session 2012

Title

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

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.

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.

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Subjects

Taxation