Expands the definition of qualified historic homes for tax credit purposes to include certain properties in cities with populations over one million.

This bill amends the tax law to expand the definition of a qualified historic home for the historic homeownership rehabilitation credit. It includes properties located in cities with populations over one million, provided they meet specific criteria such as being in a qualifying census tract as of January 1, 2017, and owned by the applicant on January 1, 2010. The changes will apply to taxable years beginning on and after January 1, 2027.

Expands the definition of qualified historic homes for tax credit purposes to include certain properties in cities with populations over one million.

This bill amends the tax law to expand the definition of a qualified historic home for the historic homeownership rehabilitation credit. It includes properties located in cities with populations over one million, provided they meet specific criteria such as being in a qualifying census tract as of January 1, 2017, and owned by the applicant on January 1, 2010. The changes will apply to taxable years beginning on and after January 1, 2027.