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2023 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Surovell
Historic Tax Credit Cap Per Taxpayer (SB 1066) (language only)

Item 3-5.18 #1s

Item 3-5.18 #1s

Adjustments and Modifications to Tax Collections
Historic Preservation Tax Credit

Language

Page 653, strike lines 36 through 39.



Explanation

(This amendment removes language limiting the per-taxpayer limit on the Historic Rehabilitation Tax Credit to $5.0 million for any taxable year. Senate Bill 1066 proposes to increase the cap to $10.0 million. A companion amendment to Item 0 reflects the estimated revenue reduction from increasing the per-taxpayer cap.)