Introduced by Sen. Wayne Schmidt (R) on June 21, 2017
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 credits valued up to $250,000 would be "refundable," making them virtual cash subsidies. Official Text and Analysis.
Referred to the Senate Finance Committee on June 21, 2017