Introduced
by
To revise the eligibility criteria in the law that authorizes tax credits for the rehabilitation and reuse of "obsolete structures" in a way that would to extend this tax break to a particular facility. This law "freezes" certain property selected by local governments at its pre-rehabilitated value, effectively allowing the rehabilitation to be done without raising the property taxes.
Referred to the Committee on Commerce
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 106 to 0 (details)
Referred to the Committee on Economic Development and Regulatory Reform
Passed in the Senate 38 to 0 (details)
To revise the eligibility criteria in the law that authorizes tax credits for the rehabilitation and reuse of "obsolete structures" in a way that would to extend this tax break to a particular facility. This law "freezes" certain property selected by local governments at its pre-rehabilitated value, effectively allowing the rehabilitation to be done without raising the property taxes.
