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2005 SESSION

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HB 1888 Income tax, state; credit for restoration of a historic presidental home.

Introduced by: R. Lee Ware, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Historic rehabilitation tax credit.  Provides that certain material restoration work (i) that restores a historic home of a President of the United States to within the period of significance stated in the National Historic Landmark individual designation of such home and (ii) that is consistent with "The Secretary of the Interior's Standards for Restoration" shall be eligible for the historic rehabilitation tax credit.  The bill is effective for any material restoration completed on or after January 1, 2005, including any eligible restoration expenses for such restoration that were incurred prior to such date.


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