Extends the benefit window of the historic homeownership rehabilitation tax credit and requires additional reporting on its utilization.
This bill amends the tax law to extend the benefit window of the historic homeownership rehabilitation tax credit. It also requires additional reporting on the utilization of this credit. The commissioner must report annually on the aggregate amount of credits claimed and awarded, including details such as the number and value of tax credit projects applied for, organized by municipality and county, and project size.
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