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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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