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 changes made in 2022 do not affect credits issued, awarded, or allowed before July 1, 2023. It preserves existing rights for taxpayers to claim or redeem these credits, including any carryforward amounts. Previously, the preservation of existing rights applied only until January 1, 2023, but this bill extends that protection to July 1, 2023.

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 changes made in 2022 do not affect credits issued, awarded, or allowed before July 1, 2023. It preserves existing rights for taxpayers to claim or redeem these credits, including any carryforward amounts. Previously, the preservation of existing rights applied only until January 1, 2023, but this bill extends that protection to July 1, 2023.