Historic tax credits advance
A bill that will incentivize rehabilitation of historic properties has passed the Alabama House of Representatives.
Rep. Victor Gaston, R-Mobile has been a champion of this bill for years, in particular for its potential to help revitalize historic downtowns such as Mobile. Should the Senate pass the legislation and the Governor sign it into law, rehabilitation, redevelopment, or preservation of a historic property will be eligible for a state income tax credit. The rehabilitation must be significant – it must exceed 50 percent of the owner’s original purchase price or $25,000, whichever one is greater.
Conservation Alabama supports the historic tax credit bill because it will help drive reinvestment into walkable downtowns and neighborhoods, maximize use of existing infrastructure, and help reduce sprawl.
Additionally, this week students from across the state and river lovers will descend upon Montgomery to celebrate the Rivers of Alabama Day and lobby the state legislature. The students of CASE – Coalition of Alabama Students for the Environment – will be lobbying for a resolution they helped draft – the Greater Birmingham Drinking Water Commission (HJR191). The resolution establishes an 11-member commission to study water supplies in the Birmingham area to make sure they are protected.
You can follow legislation related to the environment each week on Conservation Alabama’s Hot List at conservationalabama.org.