The Alabama Historic Rehabilitation Tax Credit that was allowed to expire last year received a positive review from a recently released study by an economist from The University of Tennessee. The study was requested by Alabama Legislative leadership to determine the impact of the incentive to the state and recommend any improvements to the credit that may be called for. The study suggested that the credit has had a positive impact, rating it a grade of “B” and made recommendations to get to an “A”.
Senator Del Marsh said, “Overall the Historic Tax Credit is a good program that could be a great program with a few modifications. I look forward to working with my colleagues in the regular session as we attempt to re-establish the tax credit with the suggested improvements.”
That is encouraging news for Birmingham and historic areas across Alabama. REV looks forward to working for passage of a new Historic Tax Credit in the upcoming legislative session!
Downtown Birmingham is full of beautiful buildings, both new and old! A good portion of those buildings consist of churches, and while many of them are beautiful to look at, they also have a rich history that often gets overlooked.
Aisha Taylor, owner of Bridge + Root, shares eight of the most valuable lessons she has learned since opening her brick and mortar store this summer!
We have exciting news: Downtown Birmingham’s 20th Street North is getting a makeover! Read more about how we got to this point and what you can expect from this renovation in the upcoming months.