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1996 SESSION

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HB 1453 Income tax, state; credit for historic rehabilitation.

Introduced by: C. Richard Cranwell | all patrons    ...    notes | add to my profiles

SUMMARY:

Income tax; credit for historic rehabilitation. Provides an income tax credit to individuals, trusts and estates, and corporations in an amount equal to 25 percent of the eligible expenses incurred in rehabilitating a certified historic structure. The credit is phased in over four years, becomes effective for taxable years beginning on and after January 1, 1997, and may be carried forward for up to five years.


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