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

This bill amends the preservation of existing rights for historic preservation tax credits to ensure they are not adversely affected by changes made in House File 2317. Specifically, it extends the preservation period from January 1, 2023, to July 1, 2023, for tax credits issued, awarded, or allowed before that date. This means taxpayers can still claim or redeem these credits without being limited by the new refundability rules introduced in House File 2317.

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

This bill amends the preservation of existing rights for historic preservation tax credits to ensure they are not adversely affected by changes made in House File 2317. Specifically, it extends the preservation period from January 1, 2023, to July 1, 2023, for tax credits issued, awarded, or allowed before that date. This means taxpayers can still claim or redeem these credits without being limited by the new refundability rules introduced in House File 2317.