2015 House Bill 4079

Revise “assignability” of “historic resource” rehab tax credit

Introduced in the House

Jan. 27, 2015

Introduced by Rep. Tom Cochran (D-67)

To revise details of the “assignability” of business tax credits granted for the rehabilitation of a “historic resource” (usually a commercial structure). “Assignability” means that the recipient of a business tax credit can sell all or a portion of the credit to another person, who can use it to reduce his own business or income tax.

Referred to the Committee on Tax Policy