tax credits

A state tax break that some say sparked a renaissance in downtown Birmingham and elsewhere will end unless Alabama senators agree to extend the program.

A bill to extend the tax credits for seven years has stalled amid opposition from Senate leaders. Sen. Trip Pittman says that he did not anticipate any action on the legislation this year.

The three-year program, approved in 2013, gave up to $20 million in tax credits each year for historic building renovation.

Alabama State House
Trance Mist / Flickr

A House committee has approved a bill that would provide tax credits for rehabilitating historic structures or non-historic buildings that were built before 1936.

The House education budget committee approved the bill unanimously. The sponsor, Republican Sen. Victor Gaston of Mobile, told committee members it would encourage home and business owners to make improvements to historic structures.