HB 1399 IN
Historic rehabilitation tax credit.
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Summary
Beginning in taxable year 2024, allows a qualified taxpayer to claim a historic rehabilitation tax credit equal to 25% or 30% of the qualified expenditures incurred in the restoration and preservation of a qualified historic structure, depending on the type of historic structure.
Sponsor (1)
- Sharon Negele · author
1 coauthor / cosponsor
- Edward Clere Independent · coauthor
Action history (3)
- Jan 17, 2023 Coauthored by Representative Clere · lower
- Jan 17, 2023 Authored by Representative Negele · lower
- Jan 17, 2023 First reading: referred to Committee on Ways and Means · lower
Subjects
HISTORICAL ORGANIZATIONS; HISTORIC SITES AND PRESERVATIONINCOME TAXES, CreditsPUBLIC WORKS AND IMPROVEMENTS; PUBLIC BUILDINGS; PUBLIC PROPERTY
Text versions (1)
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