Introduced
by
To authorize a Single Business Tax credit worth up to half of the total cost to renovate a historic building. The Department of History, Arts, and Libraries would determine which projects would be granted ten such tax credits a year. Nine of these credits could be worth up to $1 million in value, and one could be worth up to $3 million. Not more than three credits could be issued within any one municipality.
Referred to the Committee on Commerce and Labor
Reported without amendment
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that delays its effect until 2008.
The substitute passed by voice vote
