2009 House Bill 4264 / Public Act 141

Extend historic preservation tax break “carryforwards”

Introduced in the House

Feb. 17, 2009

Introduced by Rep. Robert Jones (D-60)

To make a technical clarification of the tax ramifications when rehabilitated property for which a historic rehabilitation credit was granted is sold within five years after the credit was claimed.

Referred to the Committee on Tax Policy

April 1, 2009

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

April 2, 2009

Substitute offered

To replace the previous version of the bill with one that revises various details, but does not change its substance. This version was turned down in favor of another substitute with more changes.

The substitute failed by voice vote

Substitute offered by Rep. Robert Jones (D-60)

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

Passed in the House 109 to 0 (details)

Received in the Senate

April 21, 2009

Referred to the Committee on Finance

Oct. 27, 2009

Reported without amendment

With the recommendation that the bill pass.

Nov. 4, 2009

Passed in the Senate 34 to 0 (details)

To make a technical clarification of the tax ramifications when rehabilitated property for which a historic rehabilitation credit was granted is sold within five years after the credit was claimed.

Signed by Gov. Jennifer Granholm

Nov. 10, 2009