Historic Revitalization Tax Credit - Alterations

Summary

The bill rewrites key definitions for the state’s historic revitalization tax credit, removing a ban on projects that receive state or local funding and extending the time frame for qualifying work. It also broadens the criteria for commercial projects to qualify for competitive awards and modifies how credits are calculated and administered. These changes aim to encourage more preservation work and boost local economic development.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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