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S02739 Summary:
| BILL NO | S02739B |
| SAME AS | SAME AS A04163-B |
| SPONSOR | RANZENHOFER |
| COSPNSR | GIPSON, LANZA, LARKIN, LATIMER, VALESKY |
| MLTSPNSR | |
| Amd SS606 & 210, Tax L | |
| 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. | |