JurisdictionAlabamaTitle 40Revenue and Taxation
Ch. 9FRehabilitation of Historic Structures
Art. 22017 Tax Credit for Historic Structures
This text of Alabama § 40-9F-31 (Definitions) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
As used in this article, the following terms have the following meanings:
(1)CERTIFIED HISTORIC STRUCTURE. A property located in
this state
which is at least 60 years of age, unless the structure is a historic structure located within the boundaries of a National Monument or Park as declared by the United States Congress or the President of the United States, in which case the federal age provisions shall apply, and is certified by the Alabama Historical Commission as being individually listed in the National Register of Historic Places, eligible for listing in the National Register of Historic Places, or certified by the commission as contributing to the historic significance of a Registered Historic District.
For applications submitted after June 1, 2023, a property must be 75 years of
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As used in this article, the following terms have the following meanings:
(1) CERTIFIED HISTORIC STRUCTURE. A property located in
this state
which is at least 60 years of age, unless the structure is a historic structure located within the boundaries of a National Monument or Park as declared by the United States Congress or the President of the United States, in which case the federal age provisions shall apply, and is certified by the Alabama Historical Commission as being individually listed in the National Register of Historic Places, eligible for listing in the National Register of Historic Places, or certified by the commission as contributing to the historic significance of a Registered Historic District.
For applications submitted after June 1, 2023, a property must be 75 years of age.
(2) CERTIFIED REHABILITATION. Repairs or alterations to a certified historic structure that is certified by the commission as meeting the U.S. Secretary of the Interior’s Standards for Rehabilitation which meet the requirements
of 26 U.S.C. § 47
.
(3)
COMMISSION. The Alabama Historical Commission
or its successor.
(4)
COMMITTEE. The Historic Tax Credit Evaluating Committee established by this article.
(5)
DEPARTMENT. The Alabama Department of Revenue or its successor.
(6)
DISQUALIFYING USE. Any use of a certified historic
structure that is occupied by an owner and used exclusively as a primary or secondary residence.
(7)
OWNER. Any taxpayer filing a State of Alabama income tax return or any entity that is exempt from federal income taxation pursuant to
26 U.S.C. § 501
,
that
owns title to a qualified structure or owns a leasehold interest in a qualified structure for a term of not less than 39 years. An owner as defined herein shall not be considered a private user as defined in Section 40-9A-1.
(8)
QUALIFIED REHABILITATION EXPENDITURES. Any expenditure as defined under
26 U.S.C. § 47
, as amended, and the related regulations thereunder, and other reasonable expenses and costs expended in the rehabilitation of a qualified structure.
Qualified rehabilitation expenditures do not include the cost of acquisition of the qualified structure, the personal labor by the owner, or any cost associated with the rehabilitation of an outbuilding of the qualified structure, unless the outbuilding is certified by the commission to contribute to the historical significance of the qualified structure.
(9)
QUALIFIED STRUCTURE. Certified historic structures that are certified by the commission as meeting the requirements contained in
26 U.S.C. § 47
.
(10)
REGISTERED HISTORIC DISTRICT. Any district listed in the National Register of Historic Places and any district that is either of the following:
a. Designated under Alabama or local law as containing criteria that substantially achieves the purpose of preserving and rehabilitating buildings of historic significance to the district.
b. Certified by the U.S. Secretary of the Interior as meeting substantially all of the requirements for the listing of districts in the National Register of Historic Places.
(11)
REHABILITATION PLAN. Construction plans and specifications for the proposed rehabilitation of a qualified structure in sufficient detail to enable the commission to evaluate compliance with the standards developed under this article.
(12)
SUBSTANTIAL REHABILITATION. Rehabilitation of a qualified structure for which the qualified rehabilitation expenditures exceed 50 percent of the owner’s original purchase price of the qualified structure or twenty-five thousand dollars ($25,000), whichever is greater.