Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
25% state income tax credit for the certified rehabilitation of historic buildings in Alabama listed on the National Register of Historic Places, stackable with the 20% federal historic tax credit.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Building must be listed on the National Register of Historic Places or contributing to a historic district
2.Minimum qualified rehabilitation expenditure of $25,000
3.Credit: 25% of qualified rehabilitation costs
4.Project must be certified by the Alabama Historical Commission
5.Transferable to other Alabama taxpayers; credits can be sold
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).
IRS · United States
The nation's largest affordable rental housing production program, providing dollar-for-dollar federal tax credits to developers who build or rehabilitate affordable rental housing and maintain income and rent restrictions for 30+ years.