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!
Related News
-
Take a photo tour of Biso Collective’s new home in The Switch
Filed Under: Developer, Downtown Birmingham, Filling Vacant Spaces, Front Page, Potential-Proving, Yaysayers
You don’t say no to a tour of a 1926 railroad building turned tech company paradise.
-
What to expect as the Park(ing) Day takes over 20th Street
Filed Under: Downtown Birmingham, Events, Filling Vacant Spaces, Front Page, Potential-Proving, Transportation
This year’s Park(ing) Day event is an even more focused and ambitious design that builds off of the momentum created by last year’s installation. Here’s what you can expect.
-
REV Birmingham wins 3 Main Street Alabama Awards
Filed Under: Business-Proving, Developer, Downtown Birmingham, Filling Vacant Spaces, Front Page, Potential-Proving
Main Street Alabama recognized REV Birmingham with three awards in the 7th Annual Awards of Excellence.