SB 234
Income tax credit; providing credit for certain qualified expenditures on adaptive reuse project. Effective date.
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill creates a new income tax credit for Oklahoma residents and businesses who invest in adaptive reuse projects. Adaptive reuse projects involve renovating and repurposing existing buildings, such as historic structures or industrial facilities, for new uses. The credit is intended to encourage the preservation and revitalization of older buildings and contribute to economic development. The bill was passed by the Senate and adopted with amendments.
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