Alabama Historic Rehabilitation Tax Credit Program Amendment Form - Alabama

Alabama Historic Rehabilitation Tax Credit Program Amendment Form - Alabama

Alabama Historic Rehabilitation Tax Credit Program Amendment Form is a legal document that was released by the Alabama Historical Commission - a government authority operating within Alabama.

FAQ

Q: What is the Alabama Historic Rehabilitation Tax Credit Program?
A: The Alabama Historic RehabilitationTax Credit Program is a program that offers tax credits to individuals and businesses who rehabilitate historic properties in Alabama.

Q: What is the purpose of the Amendment Form?
A: The purpose of the Amendment Form is to request changes or updates to a previously submitted application for the Alabama Historic Rehabilitation Tax Credit Program.

Q: Who is eligible for the Alabama Historic Rehabilitation Tax Credit Program?
A: Both individuals and businesses are eligible for the Alabama Historic Rehabilitation Tax Credit Program.

Q: What types of properties are eligible for the tax credit?
A: Properties that are listed on the National Register of Historic Places, contributing structures within a designated historic district, or properties that are deemed eligible for listing on the National Register are eligible for the tax credit.

Q: What expenses are eligible for the tax credit?
A: Expenses related to the rehabilitation and preservation of a historic property, such as construction costs, architectural fees, and engineering fees, are eligible for the tax credit.

Q: How much is the tax credit?
A: The tax credit is equal to 25% of qualified rehabilitation expenses for properties located in non-targeted areas and 35% for properties located in targeted areas.

Q: What is the maximum amount of tax credits available?
A: The maximum amount of tax credits that can be awarded for a single project is $5 million.

Q: How does the application process work?
A: Applicants must first submit a Pre-Application to determine eligibility, and if approved, they can then submit a Full Application with detailed project information.

Q: Is there a deadline to submit the Amendment Form?
A: Yes, the Amendment Form must be submitted within 90 days of the change or update being requested.

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Form Details:

  • The latest edition currently provided by the Alabama Historical Commission;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Alabama Historical Commission.

Download Alabama Historic Rehabilitation Tax Credit Program Amendment Form - Alabama

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