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AL HB452
Bill
Status
Engrossed
3/5/2026
Primary Sponsor
Chris Pringle
Click for details
AI Summary
- Extends Alabama's historic rehabilitation tax credit program from 2027 through 2032, with application deadline of December 31, 2032
- Increases tax credit rate for rural communities (counties under 175,000 population) from 25% to 30% of qualified rehabilitation expenditures for tax years 2028-2032; urban communities remain at 25%
- Lowers minimum rehabilitation expenditure threshold for rural properties from $25,000 to $20,000 for tax years 2028-2032
- Maintains annual cap of $20 million in tax credit reservations per year, with total program cap increasing from $200 million to $300 million for the period May 2017 through December 2032
- Maximum credit per project remains capped at $5 million; effective date October 1, 2026
Legislative Description
Income taxes, state income tax credit for qualified rehabilitation expenses of certified historic properties extended, annual credit amount increased
Taxation & Revenue
Last Action
Pending Senate Finance and Taxation Education
3/5/2026
Committee Referrals
Finance and Taxation Education3/5/2026
Ways and Means Education2/12/2026
Full Bill Text
No bill text available