IN HB1221 | 2015 | Regular Session
Status
Sponsorship: Slight Partisan Bill (Republican 3-1)
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2015-01-13 - First Reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2015-01-13 - First Reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Grants and tax credits for historic preservation. Authorizes the office of community and rural affairs (office) to administer a grant program for the preservation of historic properties. Provides that the income tax credit for the preservation of historic properties applies to the preservation or rehabilitation of historic properties that have been vacant for at least one year. Establishes four new methodologies for determining the amount of the tax credit. Provides that a property's adjusted basis is not reduced by the amount of the credit if a person is entitled to a federal low income housing tax credit. Changes numerous spending
Title
Grants and tax credits for historic preservation. Authorizes the office of community and rural affairs (office) to administer a grant program for the preservation of historic properties. Provides that the income tax credit for the preservation of historic properties applies to the preservation or rehabilitation of historic properties that have been vacant for at least one year. Establishes four new methodologies for determining the amount of the tax credit. Provides that a property's adjusted basis is not reduced by the amount of the credit if a person is entitled to a federal low income housing tax credit. Changes numerous spending
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-01-13 | House | First Reading: referred to Committee on Ways and Means |
| 2015-01-13 | House | Coauthored by Representatives Negele, Soliday, Dvorak |
| 2015-01-13 | House | Authored by Representative Clere |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2015/bills/house/1221/details |
| Text | http://iga.in.gov/static-documents/c/7/6/5/c765e758/HB1221.01.INTR.pdf |
