Legislation
Synopsis
Allowing a credit against the State income tax for certain rehabilitation expenses for certain catalytic projects; requiring the Secretary of Housing and Community Development to issue tax credit certificates in an amount equal to 20% of certain rehabilitation expenses, subject to certain limitations; prohibiting the Secretary from issuing tax credit certificates for credit amounts in the aggregate totaling more than $10,000,000; providing for the allocation of the credit among certain associates of a business entity; etc.
Committees
- Original:
- Rules
Details
Bill File Type: Regular
Effective Date(s): July 1, 2020
Bill imposes a mandated appropriation in the annual State Budget Bill
History
Toggle History Dropdown
File Code
Toggle Filecode Dropdown
Subjects
Toggle Subjects Dropdown
Statutes
Toggle Statutes Dropdown
(
1-101, 6-801 through 6-805 )
(
10-751 )
Last Updated: 9/22/2020 3:33 PM