Bill Title: Establishes a credit against income tax for the rehabilitation of distressed residential properties; allows a credit equal to thirty percent of the qualified rehabilitation expenditures made by the taxpayer with respect to a qualified distressed residential property; requires property that qualifies must be constructed prior to January 1, 1962 in a distressed residential or mixed-use neighborhood.

Sponsorship: Partisan Bill (Republican 4)

Status: (Engrossed - Dead) 2018-02-06 - PRINT NUMBER 2642B [S02642 Detail]

Text: Latest bill text (Amended) [HTML]

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