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2008 SESSION

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HB 1111 Income tax, state; historic rehabilitation tax credit.

Introduced by: Mark L. Cole | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; historic rehabilitation tax credit.  Changes the definition of "material rehabilitation" for the cost of rehabilitation expenses for owner-occupied buildings from 25 percent of the assessed value of the building for local real estate tax purposes to a flat $10,000 for taxable years beginning on and after January 1, 2008.


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