Kentucky HB760 amends tax credit provisions for certified rehabilitation of historic structures.

Kentucky HB760 modifies the tax credit provisions for the certified rehabilitation of historic structures. It establishes a credit for qualified rehabilitation expenses incurred by taxpayers for certified historic structures. The credit is refundable and transferable, with different percentages for owner-occupied residential property, workforce housing, and other properties. The bill also outlines the process for applying for and receiving the credit, including the role of the Kentucky Heritage Council and the Department of Revenue.

Kentucky HB760 amends tax credit provisions for certified rehabilitation of historic structures.

Kentucky HB760 modifies the tax credit provisions for the certified rehabilitation of historic structures. It establishes a credit for qualified rehabilitation expenses incurred by taxpayers for certified historic structures. The credit is refundable and transferable, with different percentages for owner-occupied residential property, workforce housing, and other properties. The bill also outlines the process for applying for and receiving the credit, including the role of the Kentucky Heritage Council and the Department of Revenue.