This bill changes the maximum tax credit allowed for certified historic structure rehabilitation projects for the first 2 years in which a credit may be claimed. It changes the maximum from $5,000,000 in each of the first 2 years to $10,000,000 total across the first
2 years combined. It makes no changes to the $5,000,000 maximum tax credit allowed in subsequent years. This change applies to tax years beginning on or after January 1, 2025.

Statutes affected:
Bill Text LD 146, SP 82: 36.5219