Staff Analysis of the Legislation
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04.01.2015 The Senate Finance Sales and Income Taxatin subcommittee gave this bill a favorable report with an amendment. The amendment adds a $1 million cap to the tax credits for each building and changes the length of the credit to three years.
Summary of the bill as introduced: Clarifies the taxes and license fees against which the tax credit for rehabilitating certified historic structures may be taken. The bill also adds the definition of state-owned abandoned buildings and certain tax credits for rehabilitating state-owned buildings. |
