SB45 Alabama 2022 Session
Updated Jan 12, 2022
SB45 Alabama 2022 Session
Senate Bill
Expired
Current Status
Regular Session 2022
Session
1
Sponsor
Summary
- Primary Sponsor
Clyde ChamblissSenatorRepublican- Session
- Regular Session 2022
- Title
- Income tax, historic structures, qualified rehabilitation, tax credits extended to 2027, residential structures disqualified, admin. by Historical Commission, Sec. 40-9F-36 am'd.
- Description
Under existing law, a state income tax credit is provided under certain conditions for qualified rehabilitation expenditures for the substantial rehabilitation of certified historic structures.
This bill would provide that a tax allocation reservation granted to certain taxpayers with a certified rehabilitation project shall not be excluded from receiving tax credits already reserved prior to the enactment of Act 2021-431.
- Subjects
- Taxation
Bill Actions
S
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Bill Text
Documents
Source: Alabama Legislature