Extends preservation of existing rights for historic preservation tax credits to July 1, 2023.
This bill amends the historic preservation tax credit to ensure that no changes made to the credit will affect credits issued, awarded, or allowed before January 1, 2023. It extends the preservation of existing rights to July 1, 2023, to protect taxpayers' rights to claim or redeem these credits. This change responds to House File 2317, which reduced the refundability of the tax credit starting January 1, 2023.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.