Tax Credit May Help Revitalize Downtown Anniston
The Anniston Historic Preservation Commission held a meeting today to discuss a new tax credit that may help revitalize downtown. The tax credit is given to those who are renovating an historic building that’s at least 60 years-old. Eligible businesses or homes may receive up to a five million dollar tax credit for renovations. AHPC Chairman John Valieant says the program may lead to improvements in the downtown area. People can apply for the credit starting on November first, and the first approvals should come in January 2018. The credit program originally ran from 2013 through 2016, but failed to be renewed by the state legislature. Legislators brought back the program this year.