Extends 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. The change ensures that taxpayers retain their rights to claim or redeem tax credits issued, awarded, or allowed prior to July 1, 2023, unaffected by the gradual reduction in refundability of the tax credit.

Extends 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. The change ensures that taxpayers retain their rights to claim or redeem tax credits issued, awarded, or allowed prior to July 1, 2023, unaffected by the gradual reduction in refundability of the tax credit.