IN HB1275 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 11 2012 - 25% progression, died in committee
Action: 2012-01-11 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 11 2012 - 25% progression, died in committee
Action: 2012-01-11 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Provides that the historic rehabilitation income tax credit may be assigned. Specifies when the transfer of the property does not subject the credit to recapture. (Current law provides that the credit is recaptured if the property is transferred within five years of the completion of the rehabilitation or preservation.) Provides that the adjusted basis of the property is not reduced by the amount of credit if a person is entitled to a federal low income housing credit for the historic property.
Title
Historic preservation tax credit.
Sponsors
Rep. Ryan Dvorak [D] |
History
Date | Chamber | Action |
---|---|---|
2012-01-11 | First reading: referred to Committee on Ways and Means | |
2012-01-11 | Authored by Representative Dvorak |
Indiana State Sources
Type | Source |
---|---|
Summary | http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2012&session=1&request=getBill&doctype=HB&docno=1275 |
Text | http://www.in.gov/legislative/bills/2012/IN/IN1275.1.html |