Bradley Arant partner David Pugh was quoted by the Associated Builders and Contractors (ABC) of Alabama on efforts to see historic tax credit legislation pass the 2016 budgeting process. The tax credit should encourage private investment, spur economic growth and revitalization, and create jobs for the construction industry.
“The last passage of the historic renovation tax credit resulted in several very high profile and very successful construction projects for Alabama contractors,” said Pugh, an ABC board member. “This is a way that the state legislature can ensure the preservation of landmark and iconic historic properties in our communities while helping create jobs for an industry that is still recovering from the recession. Quite simply, this just means more work for our members and a significant and immediate economic impact in the communities in which the projects are located. If ever there were a ‘win/win’ proposition, this is it.”