Extends the preservation of existing rights for historic preservation tax credits to July 1, 2023.

This bill amends the preservation of existing rights provision for historic preservation tax credits, extending it from January 1, 2023, to July 1, 2023. It ensures that the tax credits issued, awarded, or allowed prior to July 1, 2023, are not limited, modified, or adversely affected. This change builds on the previous legislation that reduced the refundability of the tax credit starting January 1, 2023, and preserves the rights of taxpayers to claim or redeem tax credits issued before July 1, 2023.

Extends the preservation of existing rights for historic preservation tax credits to July 1, 2023.

This bill amends the preservation of existing rights provision for historic preservation tax credits, extending it from January 1, 2023, to July 1, 2023. It ensures that the tax credits issued, awarded, or allowed prior to July 1, 2023, are not limited, modified, or adversely affected. This change builds on the previous legislation that reduced the refundability of the tax credit starting January 1, 2023, and preserves the rights of taxpayers to claim or redeem tax credits issued before July 1, 2023.