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HB 59, Historic Preservation Tax Credit

 
Municipal Impact Position Contact
Support Joel Wiggins, (678) 686-6270

Last Updated: 1/29/2017
Subject Area: Taxation |
Resources: bill text
HB 59 amends the current historic preservation tax credit law to remove language relating to tax credit caps of $5 million for any other individual certified structure and $10 million for projects that create 200 or more full-time permanent jobs or $5 million in annual payroll within two years of the placed in service date. This bill would also allow a taxpayer who has a fully executed written agreement for the purchase of a historic property to claim a tax credit, and allows increased flexibility in the selling and assigning of historic preservation tax credits for the tax payer.

Votes

3/3/2017 House Vote #208 Yea - 139 Nay - 27 Not Voting - 7 Excused - 7
BILL STATUS

3/22/2017 - Pending in Senate Rules

AUTHOR

Rep. Ron Stephens
District 164
Contact Info