AL HB596

Creates the Main Street Revival Act to revitalize downtowns and commercial districts in municipalities with populations under 25,000, administered by the Alabama Department of Economic and Community Affairs

Establishes the Main Street Microenterprise Grant Program providing $5,000 to $25,000 grants to entrepreneurs for leasehold improvements, equipment, signage, or startup inventory, with a matching funds requirement

Creates the Historic Storefront Preservation Incentive Grant Program for buildings at least 50 years old, funding facade improvements, structural stabilization, and ADA compliance upgrades

Establishes the Business Incubator and Pop-Up Support Grant Program for nonprofits, chambers of commerce, and municipal agencies to create shared retail spaces, pop-up shops, and mentorship programs

Provides a 25% income tax credit for renovation costs on eligible commercial properties, non-refundable and non-transferable but with a 5-year carry-forward; effective January 1, 2027