2017 House Bill 5178

Give some developers tax breaks for rehabbing “historic” structures

Introduced in the House

Oct. 25, 2017

Introduced by Rep. Ben Frederick (R-85)

To grant certain developers approved by state or local officials credits against the business income tax that are worth up to 25 percent of the amount spent to restore a structure that meets various criteria for being “historic.” Up to 90 percent of a credit's value would be "refundable," making them virtual cash subsidies.

Referred to the Committee on Tax Policy