Tax Credits
The federal EV tax credit has an uncertain fate. What car shoppers should know
Currently, drivers can get a tax credit worth up to $7,500 for buying or leasing an EV. But the incoming administration promised to roll back those credits, which they consider wasteful spending.
State Film Incentives Have Limited Impact in Birmingham
Birmingham Business Journal editor Ty West discusses the affect of Alabama's film tax credits eight years after they were implemented.
Uncertain Future for State’s Historic Building Tax Credit
It’s a busy day inside the McWane Science Center downtown. Kids play around a brightly colored Rube Goldberg machine in the center’s pristine lobby. But look out the window across Second Avenue North, and there's something very different: the eight-story building that once housed the Pizitz department store, closed now for almost 30 years. Windows are missing, and the façade shows 92 years’ worth of cracks and stains. You’ll also see construction crews working to rejuvenate the building.
Alabama’s Film Tax Credits Face Some Skepticism and Critique
Most states offer tax incentives meant to attract film production-create jobs and stimulate the economy. As budgets tighten, some are scaling back or eliminating them. But even after recent heated budget battles, cash-strapped Alabama is keeping those tax credits, prompting some to question their effect on the fiscal bottom line.
