2005 House Bill 4556

Tax break for historic building renovation

Introduced in the House

March 24, 2005

Introduced by Rep. David Palsrok (R-101)

To authorize a Single Business Tax credit worth up to half of the total cost to renovate a historic building. The Department of History, Arts, and Libraries would determine which projects would be granted ten such tax credits a year. Nine of these credits could be worth up to $1 million in value, and one could be worth up to $3 million.

Referred to the Committee on Commerce