The Historic Tax Credit Bill Is Awaiting Governor Ivey’s Signature!
May 22, 2017
The Historic Tax Credit Bill, HB 345, received final passage the last day of session. The House of Representatives concurred on HB 345 Friday of last week with a concurrence vote of 91-1. The Senate passed HB 345 unanimously with a vote of 31-0 two weeks ago. HB 345 is pending Governor Kay Ivey’s signature.
Many thanks to the House of Representatives for concurring on the bill last week!
Alabama REALTORS® supported HB 345. It will renew the Alabama Historic Rehabilitation Tax Credit program that expired on May 15, 2016. The Historic Tax Credit helps revitalize cities and communities across Alabama. Studies show the credit has a huge economic impact and preserves historic structures in our state.