Checkmark
Legislation watch
Senate Roll Call 812 on
2008 House Bill 6496: Expand eligibility and transferability of historic preservation tax credits

To expand the expenses that may be included in calculating a Michigan Business Tax credit (which can equal up to 25 percent of the cost to rehabilitate a "historic" building or other property); and also expand the ability of credit recipients to assign or transfer these tax breaks to another taxpayer. The bill removes a provision that reduces the state credit by the amount of a federal rehab credit, and makes tax credits of up to $250,000 "refundable," meaning that if the credit exceeds the amount of tax owed the state will send the taxpayer a check for the difference. See also Senate Bill 973.

View the rest of House Bill 6496: History, Amendments & Comments 

facebook  twitter  View comments  Print-friendly version


IN FAVOR

SENATE DEMOCRATS

SENATE REPUBLICANS


AGAINST

SENATE DEMOCRATS
none

SENATE REPUBLICANS


SENATE LEGISLATORS WHO DID NOT VOTE

SENATE LEGISLATORS ORDERED BY NAME


Senate Roll Call 812 on 2008 House Bill 6496