FailedFiled Jan 14, 2026
Sponsor: Dow, Rebecca
Latest Action
Action Postponed Indefinitely (session adjourned sine die)
Feb 19, 2026
Summary
The bill lets qualifying taxpayers claim a credit of 30% or 40% of rehabilitation costs for vacant buildings or lots, with caps of $2 million or $4 million per taxpayer. To qualify, at least 15% of the new units must be affordable and the project must be pre‑certified and later certified by the state mortgage finance authority. The credit is limited to $100 million statewide each year and expires in 2038.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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