Staff Analysis of the Legislation
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05.30.2013 The Senate Finance committee gave this bill a favorable report with an amendment. The amendment strikes all of the language in the bill and replaces it with the language in S234, the Senate version of the bill. 04.17.2013 The House Ways and Means committee gave this bill a favorable report with an amendment. The amendment includes Savings and Loans in the state income tax credit. 04.10.2013 The House Ways and Means Sales and Income Tax subcommittee gave this bill a favorable report with an amendment. The amendment makes the bill effective January 1, 2013. Summary of the bill as introduced: Allows a taxpayer making investments of a certain size in rehabilitating an abandoned building may receive income tax credits or credits against the property tax liability.
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