Bill 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

Sponsorship: Slight Partisan Bill (Republican 3-1)

Status: (Introduced - Dead) 2015-01-13 - First Reading: referred to Committee on Ways and Means [HB1221 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2015-01-12	PDF	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Indiana HB1221

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Indiana HB1221 currently on file.