Increases the maximum amount of the credit. Increases the carry forward period from 5 to 10 years. Removes the limitation on credits for taxpayers receiving a federal income tax credit for the same project. Authorizes the reviewing entity to reduce or eliminate the fees for small rehabilitation projects. Makes conforming amendments.
Capital letters indicate new material to be added to existing statute.
Dashes through the words indicate material to be deleted from existing statute. Tax credit for qualified costs incurred in 3 preservation of historic properties. Any 23 amount of the credit which THAT is not used after said period shall not be 24 refundable to the taxpayer. A copy of such resolution shall be sent to the 4 state historic preservation officer prior to January 1 of each year. The moneys in such 8 fund shall be used for expenditures of such certified government incurred 9 in the performance of its duties pursuant to the provisions of this section.