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House Bill 1664

House Bill 1664

ARCHIVE (2007)

Latest Information

DIGEST OF HB1664 (Updated February 22, 2007 11:44 am - DI 84)

Tax credits for property maintenance. Authorizes the designation of property maintenance areas (PMA) in any municipality. Provides that the fiscal body of a municipality may designate the PMA and provide an income tax credit for qualified expenditures made for certain maintenance activities performed on certain property in a PMA. Requires the department of state revenue and the county auditor to reduce the amount of property tax replacement credits distributed to a municipality in an amount equal to the total amount of income tax credits awarded for property maintenance in the municipality.
Current Status:
In Committee - 2nd House
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