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The First Green Building Litigation. The Rest of the Story.

Green Building Law Update

Shaw Development, LLC, in the Circuit Court of Maryland for Somerset County, case no. Million, 23 unit luxury condominium and restaurant project in Crisfield, Maryland, called Captain’s Galley and substantially completed in 2006. That green building tax credit was monetized and sold to 5 Maryland taxpayers.

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The First Green Building Litigation. The Rest of the Story.

Green Building Law Update

Shaw Development, LLC, in the Circuit Court of Maryland for Somerset County, case no. Million, 23 unit luxury condominium and restaurant project in Crisfield, Maryland, called Captain’s Galley and substantially completed in 2006. That green building tax credit was monetized and sold to 5 Maryland taxpayers.

Green 120
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State by State Incentives Guide

Buisness Facilities Contributed Content

If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

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