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2023 SESSION
SB 1066 Historic rehabilitation; increases maximum amount of tax credit, effective provision.
Introduced by: Scott A. Surovell | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Historic rehabilitation tax credit; increase. Increases from $5 million to $10 million, beginning in taxable year 2023, the maximum amount of the historic rehabilitation tax credit, including amounts carried over from prior taxable years, that may be claimed by a taxpayer in any taxable year. In addition, should the taxpayer incur expenses toward the rehabilitation of a certified historic structure in a locality that has a designated enterprise zone, as defined in the Code, the taxpayer may claim up to an additional $10 million in any taxable year. The provisions of the bill are contingent on the anticipated revenue change from implementing the act being accounted for in the general appropriation act.
FULL TEXT
- 01/08/23 Senate: Prefiled and ordered printed; offered 01/11/23 23100398D pdf | impact statement
- 02/06/23 Senate: Printed as engrossed 23100398D-E pdf | impact statement
AMENDMENTS
HISTORY
- 01/08/23 Senate: Prefiled and ordered printed; offered 01/11/23 23100398D
- 01/08/23 Senate: Referred to Committee on Finance and Appropriations
- 02/02/23 Senate: Reported from Finance and Appropriations with amendment (15-Y 0-N)
- 02/03/23 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/06/23 Senate: Committee amendment agreed to
- 02/06/23 Senate: Engrossed by Senate as amended SB1066E
- 02/06/23 Senate: Printed as engrossed 23100398D-E
- 02/06/23 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/06/23 Senate: Passed by for the day
- 02/07/23 Senate: Passed Senate (39-Y 1-N)
- 02/09/23 House: Placed on Calendar
- 02/09/23 House: Read first time
- 02/09/23 House: Referred to Committee on Finance
- 02/13/23 House: Assigned Finance sub: Subcommittee #3
- 02/17/23 House: Subcommittee recommends striking from docket (7-Y 0-N)
- 02/22/23 House: Left in Finance