SB 0633
Individual income tax: credit; state historic preservation tax credit; eliminate. Amends secs. 266a & 676 of 1967 PA 281 (MCL 206.266a & 206.676). TIE BAR WITH: SB 0631'25
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposes to eliminate the state historic preservation tax credit, currently offered as part of the state’s individual income tax system. The bill outlines specific requirements for qualifying projects, including obtaining a certificate of completed rehabilitation and meeting certain criteria related to historic significance and rehabilitation standards. It also includes provisions for limiting the total amount of credits available and addressing potential issues related to property ownership and assignment of credits.
Sponsors
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Primary sponsor
Thomas A. Albert
Cosponsors
Joseph N. Bellino Jr.
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