HB509 Alabama 2014 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2014
Title
Historic structures, Historical Commission, approval of tax credits for restoration further provided for, transfer of credits, amount of total credits, Act 2013-241, 2013 Reg. Sess, am'd.; Secs. 40-9F-3, 40-9F-4, 40-9F-5 am'd.
Description
Under existing law, a tax credit is provided against the tax liability of the taxpayer for the rehabilitation, preservation, and development of historic structures
This bill would clarify that tax credits are awarded on a calendar year basis and to clarify the ability to change the ownership of the applicant
This bill would also allow the tax credits to be transferred
To amend Sections 3, 4, and 5 of Act 2013-241, 2013 Regular Session, now appearing as Sections 40-9F-3, 40-9F-4, and 40-9F-5, Code of Alabama 1975, to allow the tax credits to be transferred; to clarify that tax credits are awarded on a calendar year basis and to clarify the ability to change the ownership of an applicant.
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 3, 2014 | H | Forwarded to Executive Department |
| April 3, 2014 | H | Assigned Act No. 2014-452. |
| April 3, 2014 | H | Clerk of the House Certification |
| April 3, 2014 | S | Signature Requested |
| April 3, 2014 | H | Enrolled |
| April 3, 2014 | S | Concurred in Second House Amendment |
| April 3, 2014 | H | DeMarco motion to Concur In and Adopt adopted Roll Call 1120 |
| April 3, 2014 | H | Concurrence Requested |
| April 3, 2014 | S | Motion to Read a Third Time and Pass adopted Roll Call 1169 |
| April 3, 2014 | S | Pittman motion to Adopt adopted Roll Call 1168 |
| April 3, 2014 | S | Pittman Amendment Offered |
| April 3, 2014 | S | Third Reading Passed |
| April 2, 2014 | S | Read for the second time and placed on the calendar |
| March 20, 2014 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
| March 19, 2014 | H | Engrossed |
| March 19, 2014 | H | Motion to Read a Third Time and Pass adopted Roll Call 878 |
| March 19, 2014 | H | Motion to Adopt adopted Roll Call 877 |
| March 19, 2014 | H | DeMarco first Substitute Offered |
| March 19, 2014 | H | Third Reading Passed |
| March 13, 2014 | H | Read for the second time and placed on the calendar |
| February 18, 2014 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB509 Alabama 2014 Session - Enrolled |
| Bill Text | HB509 Alabama 2014 Session - Engrossed |
| Bill Text | HB509 Alabama 2014 Session - Introduced |