2009 Senate Bill 82

Extend historic preservation tax break “carryforwards”

Introduced in the Senate

Jan. 27, 2009

Introduced by Sen. Hansen Clarke (D-1)

To allow a 30-year “carrry forward” period on the portion of a “historic preservation” tax credit that exceeds the recipient’s current year tax liability. “Carryforwards” allow the recipient to “carry forward” the unused portion of the credit to offset future tax year taxes.

Referred to the Committee on Finance