The Purpose of Act 2017-380, Act 2021-431, and Act 2023-522 of the Alabama legislature is to provide a twenty-five percent (25%) refundable income tax credit against the tax liability of the taxpayer for the rehabilitation of historic buildings. The Rule Amendments arising from Act 2021-431 are retroactive to the effective date of Act 2021-431, May 14, 2021. The Rule Amendments arising from Act 2023-522 are retroactive to the effective date of Act 2023-522, June 14, 2023.

Author: Chloe Mercer; Lee Anne Hewett

Statutory Authority: Act 2017-380; Act 2021-431; Act 2023-522.

History: New Rule: Filed August 10, 2017; effective September 24, 2017. Amended: Published December 30, 2021; effective February 13, 2022. Amended: Published October 31, 2024; effective December 15, 2024.