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2013 SESSION
HB 2003 Income tax, state; recycled building rehabilitation tax credit.
Introduced by: Luke E. Torian | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Income tax; commercial and industrial building rehabilitation tax credit. Creates a tax credit beginning in 2013 for new businesses that move into a locality and rehabilitate or retrofit a commercial or industrial building that is at least 25 years old and that has been vacant, in the case of a commercial building, for at least three years, and for an industrial building, for at least five years. The credit would equal the cost of the rehabilitation or retrofitting, not to exceed $100,000. The bill provides that any unused tax credit could be carried forward for up to five taxable years. The tax credit would expire on January 1, 2018.
FULL TEXT
HISTORY
- 01/09/13 House: Prefiled and ordered printed; offered 01/09/13 13103055D
- 01/09/13 House: Referred to Committee on Finance
- 01/14/13 House: Assigned Finance sub: #3
- 01/25/13 House: Subcommittee recommends laying on the table (5-Y 0-N)
- 02/05/13 House: Left in Finance