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Senate Roll Call 812 on
2008 House Bill 6496: Expand eligibility and transferability of historic preservation tax credits

To expand the expenses that may be included in calculating a Michigan Business Tax credit (which can equal up to 25 percent of the cost to rehabilitate a "historic" building or other property); and also expand the ability of credit recipients to assign or transfer these tax breaks to another taxpayer. The bill removes a provision that reduces the state credit by the amount of a federal rehab credit, and makes tax credits of up to $250,000 "refundable," meaning that if the credit exceeds the amount of tax owed the state will send the taxpayer a check for the difference. See also Senate Bill 973.

View the rest of House Bill 6496: History, Amendments & Comments 

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Senate Roll Call 812 on 2008 House Bill 6496

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