Beginning January 21, 2020, the 2013 Alabama Historic Rehabilitation Credit must be pre-certified via an online portal through My Alabama Taxes (MAT) before the taxpayer can claim the credit on their Alabama income tax return.
NOTE! Pass-through entities with numerous partners can select “Download Owner Information Spreadsheet,” enter the owner’s information and percentage of ownership and save the file. Once saved, use the “Import” tab to load the table in the credit claim. You can save the file for future claims and modify the spreadsheet as needed (i.e., adding/deleting owners, change ownership percentage, etc.)
Once the 2013 Alabama Historic Rehabilitation Tax Credit claim is submitted through MAT, the Department of Revenue will review the claim. The Office of Economic Development may require additional information if the supporting documents are incomplete or not provided. Please note that lack of proper documentation to support the credit claim will delay the process. Once the Department approves the requested credit amount, the project owner will receive a Web notice. The approved amount of the credit must be listed on the taxpayer’s income tax return at the time the return is filed. For further questions, please contact firstname.lastname@example.org or call 334-242-1175.
Once the Department approves the request, the taxpayer submitting the claim will receive a Web notice confirming the credit.
For corporate income and financial institution excise taxpayers, the credit must be listed on the taxpayer’s income tax return at the time the return is filed.
For pass-through entities, the credit will be allocated based on the allocated amounts submitted in the claim submission. If the pass-through entity is allocating the credit to an individual taxpayer, the pass-through entity must notify the individual of the amount of credit allocated to them. If the credit will flow to an owner that is a pass-through entity, that entity will receive a letter from ADOR with instructions on how to pre-certify the credit through MAT. For further information on filing the pass-through entity returns, please click here.
For transfers –The transfer cannot be completed until the transfer fees have been received. Please mail the transfer fee payment to the following address: Alabama Department of Revenue, Commissioner’s Office, P.O. Box 327001, Montgomery, AL 36132. The transferee will receive written notification once the transfer has been processed.