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 to get an instant 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.
NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
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).