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SB 174 IN

Indiana historic tax credits.

IN · session 2023 · Senate · bill

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Introduced Jan 9, 2023

Latest action (Jan 30, 2023) Senators Melton, Alting, Charbonneau added as coauthors

Summary

Allows a credit against a qualified taxpayer's state tax liability in an amount equal to either 25% or 30% of the qualified taxpayer's qualified expenses related to the rehabilitation of a qualified historic structure. Provides that, for a qualified taxpayer that is tax exempt under Section 501(c)(3) of the Internal Revenue Code, the credit is equal to 30% of the qualified taxpayer's expenses. Provides that the credit is transferrable and may be carried forward for 10 years, but may not be carried back.

Sponsors (2)
5 coauthors / cosponsors

Action history (6)
  1. Jan 9, 2023 Authored by Senator Dernulc · upper
  2. Jan 9, 2023 First reading: referred to Committee on Appropriations · upper
  3. Jan 26, 2023 Senator Busch added as third author · upper
  4. Jan 26, 2023 Senator Niezgodski added as coauthor · upper
  5. Jan 26, 2023 Senator Holdman added as coauthor · upper
  6. Jan 30, 2023 Senators Melton, Alting, Charbonneau added as coauthors · upper
Subjects
HISTORICAL ORGANIZATIONS; HISTORIC SITES AND PRESERVATIONPROPERTY TAXES, Credits and Deductions

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced Senate Bill (S) · Jan 9, 2023 · PDF

Full text

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