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Senate Bill 0300


Senate Bill 0300

ARCHIVE (2008)

Latest Information

 

DIGEST OF INTRODUCED BILL


Historic rehabilitation income tax credit. Provides that the historic rehabilitation income tax credit may be assigned. Provides that the credit may be recaptured from the person who receives the certification or from an assignee to whom the property is transferred. Increases the annual limit of the credit from $450,000 to $2,500,000. Repeals the current provision that defines a taxpayer.
    Current Status:
     In Committee - first House
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