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House Bill 1606


House Bill 1606

ARCHIVE (2003)

Latest Information

 

DIGEST OF INTRODUCED BILL


Historic restoration tax credit. Provides that the income tax credit for the preservation or rehabilitation of historic residential property is to be determined using a percentage that starts at 20% and is increased by 0.1% for each year that the age of the historic residential property exceeds 50. Repeals a provision recapturing the credit if the historic residential property is sold within 5 years. Repeals the fiscal year cap on the amount of tax credits that may be granted.
Current Status:
 In Committee - first House
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