California AB1265 provides tax credits for rehabilitating certified historic structures, aiming to reduce costs and stimulate economic growth.

California AB1265 amends the Revenue and Taxation Code to offer tax credits for the rehabilitation of certified historic structures. The bill aims to address the high costs of rehabilitating historic buildings while preserving their cultural significance and stimulating economic growth. To be eligible, taxpayers must apply for a tax credit allocation from the California Tax Credit Allocation Committee, in conjunction with the State Office of Historic Preservation.

California AB1265 provides tax credits for rehabilitating certified historic structures, aiming to reduce costs and stimulate economic growth.

California AB1265 amends the Revenue and Taxation Code to offer tax credits for the rehabilitation of certified historic structures. The bill aims to address the high costs of rehabilitating historic buildings while preserving their cultural significance and stimulating economic growth. To be eligible, taxpayers must apply for a tax credit allocation from the California Tax Credit Allocation Committee, in conjunction with the State Office of Historic Preservation.