Connecticut HB05508 revises statutes concerning historic districts and preservation, including tax credits for rehabilitation.

Connecticut HB05508 modifies existing statutes to enhance historic district regulations and preservation efforts. It introduces tax credits for substantial rehabilitation of certified historic structures, with specific provisions for projects in federally designated opportunity zones. The bill also outlines criteria for evaluating rehabilitation plans and sets limits on the amount of tax credits that can be allocated annually.

Connecticut HB05508 revises statutes concerning historic districts and preservation, including tax credits for rehabilitation.

Connecticut HB05508 modifies existing statutes to enhance historic district regulations and preservation efforts. It introduces tax credits for substantial rehabilitation of certified historic structures, with specific provisions for projects in federally designated opportunity zones. The bill also outlines criteria for evaluating rehabilitation plans and sets limits on the amount of tax credits that can be allocated annually.