Allows second assignment of historic structure rehabilitation credit and modifies allocation certificate requirements.

This bill allows for the second assignment of the historic structure rehabilitation credit, enabling the initial recipient to transfer the credit to another taxpayer before claiming the first payment. It also modifies the requirements for issuing allocation certificates, including the notification process and the conditions for eligibility. The changes are effective for applications submitted after June 30, 2025.

Allows second assignment of historic structure rehabilitation credit and modifies allocation certificate requirements.

This bill allows for the second assignment of the historic structure rehabilitation credit, enabling the initial recipient to transfer the credit to another taxpayer before claiming the first payment. It also modifies the requirements for issuing allocation certificates, including the notification process and the conditions for eligibility. The changes are effective for applications submitted after June 30, 2025.