Tag: Birmingham Development

“No guarantee” for Future Tax Breaks to Help Rescue Historic Birmingham Buildings

An economic development tool credited with facilitating more than $170 million in development in Birmingham faces an uncertain future after being pushed aside by lawmakers preoccupied with the state’s budget battle.

An effort to renew Alabama’s historic preservation tax credit was derailed in the spring and has been expected to be renewed early next year. But a leading opponent said he may move to block renewal of the credits even if a state study concludes that they are effective.

State Sen. Lee Trip Pittman, R-Montrose, is waiting for completion of a state study of the law’s effectiveness before taking a formal position, he said, but his opposition to the use of tax credits in general may lead him to try to block renewal of the incentive regardless of the findings.