June 21, 2022

State of Alabama
Press Release: Alabama Historical Commission

ALABAMA HISTORICAL COMMISSION HOSTS FREE WORKSHOP ON HISTORIC PRESERVATION TAX INCENTIVES

AHC logo pantone 208FOR IMMEDIATE RELEASE

Contact: Hannah Garmon, State Tax Incentives Coordinator

Hannah.Garmon@ahc.alabama.gov, 334-230-2644

                    

June 14, 2022

 

Alabama Historical Commission Hosts Free Workshop

 on Historic Preservation Tax Incentives

 

(Montgomery, AL) The Alabama Historical Commission (AHC), in partnership with the Selma-Dallas County Chamber of Commerce, will present a free Historic Preservation Tax Incentives Workshop on Thursday, July 7 from 1:00 pm – 4:00 pm at The Anchor, 15 Franklin Street, Selma.

 

This event is for community planners, developers, historic property owners, real estate agents, economic development specialists, historic preservationists, and municipal leaders who want to learn more about utilizing vacant and/or historic buildings in their communities. This workshop will demonstrate the intrinsic value of historic tax credits as economic development tools such as providing incentives to invest in older structures, stabilizing neighborhoods, and creating local jobs for skilled workers.

 

“Tax incentives promote investment in local economies and are instrumental in preserving the historic places that give our communities their unique character. We are excited to present an overview of these tax credit programs to the citizens of Selma,” said Lisa D. Jones, AHC’s Executive Director. 

The Alabama Historic Rehabilitation Tax Credit is a 25% refundable state tax credit available for historic property owners who substantially rehabilitate properties that are listed in or eligible for the National Register of Historic Places and are 60 years old or older. The tax credit provides jobs, increases the tax base, and revitalizes existing buildings and infrastructure, while preserving and rehabilitating Alabama’s historic properties.

The Federal Historic Preservation Tax Incentives program is a 20% income tax credit for the rehabilitation of historic, income-producing buildings. Properties must be income-producing and listed in the National Register of Historic Places.  The National Park Service is the federal agency that administers the program, and the AHC is the point of contact for anyone who applies for tax credits for properties in Alabama. The Federal Historic Preservation Tax Incentives Program is the single-largest Federal program that specifically supports historic preservation and is one of the nation's most effective programs to promote historic preservation and community revitalization.

Property owners may simultaneously apply for both the state and federal tax incentive programs.  All applicants are required to follow the Secretary of the Interior’s Standards for Rehabilitation while performing repairs to properties. 

 About the Alabama Historical Commission

Located in historic downtown Montgomery at 468 S. Perry Street, the Alabama Historical Commission is the state historic preservation agency for Alabama. The agency was created by an act of the state legislature in 1966 with a mission to protect, preserve and interpret Alabama’s historic places. AHC works to accomplish its mission through two fields of endeavor: Preservation and promotion of state-owned historic sites as public attractions; and, statewide programs to assist people, groups, towns, and cities with local preservation activities. For a complete list of programs and properties owned and operated by the AHC, hours of operation, and admission fees please visit ahc.alabama.gov.  

 

 

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