Title 40 — Title 40
0 chapters · 2,056 sections in this title.
Ala. Code § 40-9F-1 Applicability
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This chapter shall apply to qualified structures throughout the State of Alabama. History: (Act 2013-241, p. 579, §1.)
Ala. Code § 40-9F-2 Definitions
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As used in this chapter, the following terms shall have the following meanings: (1) CERTIFIED HISTORIC STRUCTURE. A property located in Alabama which is certified by the Alabama Historical Commission as being individually listed in the National Register of Historic Places, eligib…
Ala. Code § 40-9F-3 Standards for Approval; Application, Rehabilitation Plan; Review; Certification; Tax Credit
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Certification; Fees; Report to Legislature. (a) The commission shall develop standards for the approval of the substantial rehabilitation of qualified structures for which a tax credit is sought. The standards shall take into account whether the substantial rehabilitation of a qu…
Ala. Code § 40-9F-30 Applicability
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This article shall apply to qualified structures throughout the State of Alabama. History: (Act 2017-380, §1.)
Ala. Code § 40-9F-31 Definitions
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As used in this article, the following terms have the following meanings: (1) CERTIFIED HISTORIC STRUCTURE. A property located in this state which is at least 60 years of age, unless the structure is a historic structure located within the boundaries of a National Monument or Par…
Ala. Code § 40-9F-32 Procedures for Rehabilitation of Qualified Structures; Tax Credits; Review; Audit; Fees;
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Report to Legislature. (a) The commission shall develop standards for the approval of the substantial rehabilitation of qualified structures for which a tax credit is sought. The standards shall: (i) take into account whether the substantial rehabilitation of a qualified structur…
Ala. Code § 40-9F-33 Limitations on Tax Credits; Historic Income Tax Credit Account; Transfer or Assignment of Tax
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Credits. (a) The state portion of any tax credit against the tax imposed by Chapter 18 for the taxable year in which the reservation is allocated to a project or the certified rehabilitation is placed in service shall be equal to 25 percent of the qualified rehabilitation expendi…
Ala. Code § 40-9F-34 Recapture of Tax Credits; Assessment
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(a) Recapture of any of the credit shall apply against the taxpayer who utilizes the credit, and any required adjustments to basis due to recapture, shall be governed by Section 50 of the Internal Revenue Code. (b) In the taxable year the certified rehabilitation is placed in ser…
Ala. Code § 40-9F-35 Appeals
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Owners or their duly authorized representatives may appeal any state official decision, including all preliminary or final reservations, approvals, and denials, made by the commission, committee or the department with regard to an application and rehabilitation plan submitted und…
Ala. Code § 40-9F-36 Availability of Tax Credits After December 31, 2022
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The tax credits authorized by this article for the substantial rehabilitation of qualified structures shall not be available to owners of qualified structures that submit an application and rehabilitation plan after December 31, 2027. No action or inaction on the part of the Legi…
Ala. Code § 40-9F-37 Rulemaking Authority; Acceptance of Applications
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The commission shall promulgate by October 1, 2017, any and all rules and regulations necessary to implement this article. Applications for the reservation of tax credits shall be accepted beginning November 1, 2017. History: (Act 2017-380, §8.)
Ala. Code § 40-9F-38 Historic Tax Credit Evaluating Committee. (Amended by Act 2026-209) [Effective until
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October 1, 2026.] AMENDED BY ACT 2026-209, EFFECTIVE OCTOBER 1, 2026. SEE ACT FOR REVISED LANGUAGE. (a) There is established the Historic Tax Credit Evaluating Committee, which shall review qualifying projects, approve credits for projects, and rank projects in the order in which…
Ala. Code § 40-9F-4 Tax Credits Calculated, Claimed, Reserved, Granted; Transfer or Assignment of Tax Credits
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(a) The state portion of any tax credit against the tax imposed by Chapters 16 and 18, for the taxable year in which the certified rehabilitation is placed in service, shall be equal to 25 percent of the qualified rehabilitation expenditures for certified historic structures, and…
Ala. Code § 40-9F-5 Recapture of Credits; Assessment
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(a) Recapture of any of the credit shall apply against the taxpayer who utilizes the credit, and any required adjustments to basis due to recapture, shall be governed by Section 50 of the Internal Revenue Code. (b) In the taxable year the certified rehabilitation is placed in ser…
Ala. Code § 40-9F-6 Appeals
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Owners or their duly authorized representatives may appeal any state official decision, including all preliminary or final reservations, approvals, and denials, made by the commission or the department with regard to an application and rehabilitation plan submitted under Section …
Ala. Code § 40-9F-7 Limitations
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The tax credits authorized by this chapter for the substantial rehabilitation of qualified structures shall not be available to owners of qualified structures that submit an application and rehabilitation plan after May 15, 2016. No action or inaction on the part of the Legislatu…
Ala. Code § 40-9F-8 Rules and Regulations; Timing of Applications and Credits
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The commission shall promulgate by September 1, 2013, any and all rules and regulations necessary to implement the provisions of this chapter. Applications for the reservation of tax credits shall be accepted beginning October 1, 2013, but no tax credit may be credited prior to t…