Introduced by Rep. Robert Jones (D) on February 17, 2009, to make a technical clarification of the tax ramifications when rehabilitated property for which a historic rehabilitation credit was granted is sold within five years after the credit was claimed.
Referred to the House Tax Policy Committee on February 17, 2009.
Reported in the House on April 1, 2009, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on April 2, 2009, to replace the previous version of the bill with one that revises various details, but does not change its substance. This version was turned down in favor of another substitute with more changes. The substitute failed in the House by voice vote on April 2, 2009.
Substitute offered by Rep. Robert Jones (D) on April 2, 2009, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. The substitute passed in the House by voice vote on April 2, 2009.
Referred to the Senate Finance Committee on April 21, 2009.
Reported in the Senate on October 27, 2009, with the recommendation that the bill pass.
Passed in the Senate (34 to 0) on November 4, 2009, to make a technical clarification of the tax ramifications when rehabilitated property for which a historic rehabilitation credit was granted is sold within five years after the credit was claimed. [Vote Details and Comments]
Signed by Gov. Jennifer Granholm on November 10, 2009.
2) 2009 House Bill 4264 (Extend historic preservation tax break “carryforwards” ) [by admin on January 1, 2001] Introduced in the House on February 17, 2009, to make a technical clarification of the tax ramifications when rehabilitated property for which a historic rehabilitation credit was granted is sold within five years after the credit was claimed
The vote was 109 in favor, 0 opposed and 1 not voting