Historic Tax Committee Meets
April 1, 2019
On March 19, the Historic Tax Evaluating Committee met to elect officers and discuss and grade 10 properties applying for the tax credit. Attended by the Alabama REALTORS® Public Policy team, the meeting was chaired by Senator Clyde Chambliss. Other members present were Vice Chair Nichelle Nix, Treasurer Lisa Jones, Secretary Greg Canfield, Representative Rod Scott and Senator Bobby Singleton.
After re-electing the current slate of officers to the same positions, the Committee heard a presentation from the Historical Commission on each of the properties. The Committee approved and graded all 10 properties based on set criteria including overall benefit to the community. Unless the properties fail to meet deadlines, the urban properties are allocated a tax credit in 2021 and 2022, while the rural properties are allocated tax credits for this tax year.
The urban properties, the amounts requested and the intended purpose, if known, for those properties are as follows:
| BUILDING (Location) | AMOUNT REQUESTED | INTENDED PURPOSE |
| Fairhope Hardware Building | $250,000 | Mixed - Commercial |
| Frank Nelson Building (Birmingham) | $5,000,000 | Mixed - Commercial |
| Antomanchi House (Mobile) | $3000,000 | Mixed - Restaurant/Apartment |
| White Retail Block (Birmingham) | $695,000 | Unknown |
| Ben Jacobs Furniture Co. Bldg (Birmingham) | $1,602,112 | Apartments |
| Sokol Brothers/Seals Piano Co. Bldg. (Birmingham) | $660,603 | Commercial Warehouses |
| Birmingham Food Terminal | $2,375,000 | Unknown |
| Strong-Meador House (Daphne) | $50,000 | Unknown |
The rural properties, the amounts requested and the intended purpose, if known, for those properties are as follows:
| BUILDING (Location) | AMOUNT REQUESTED | INTENDED PURPOSE |
| Old Cleburne County High School (Heflin) | $2,250,000 | Senior Living Facility |
| Pepsi-Cola Bottling Building (Atmore) | $55,750 | Distribution Facility |
The map below indicates all of the properties across the state that have been allocated Historic Tax Credits by the Historic Tax Credit Evaluating Committee.
As a reminder, the Historic Tax Credit Bill approved $100 million in tax credits over five years, to be split $60 million urban and $40 million rural. After this last round of properties, only $4,610,961 of the $60 million remains for urban properties. However, for rural properties, almost $2 million of the 2019 allocation and all of the 2020, 2021 and 2022 allocations remain.