- Historic Revitalization Tax Credit - Transferability, Funding, and Extension (Historic Revitalization Tax Credit Improvement Act of 2020)
- Sponsored by
- Senators Hester, Ellis, Guzzone, Hayes, McCray, Salling, and West
- In the Senate - Hearing 2/18 at 2:00 p.m.
- Fiscal and Policy Note
Making a certain tax credit for commercial rehabilitations under the historic revitalization tax credit program transferable and refundable under certain circumstances; requiring the Governor to include in the annual budget bill an appropriation of at least $15,000,000 in fiscal year 2022, increasing in each intervening fiscal year up to $30,000,000 in fiscal year 2025, for the tax credit reserve fund; extending the tax credit through fiscal year 2028; applying the Act to taxable years beginning after December 31, 2019; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2020
Bill imposes a mandated appropriation in the annual State Budget Bill
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( 5A-303 )
Last Updated: 9/22/2020 3:29 PM