This bill creates a refundable tax credit equal to 40% of the cost that exceeds $25,000 of the restoration of a noncommercial barn located on residential property. The maximum credit per year is $400,000. The credit may be carried forward for a maximum of 4 years and the maximum total credit taken may not exceed $1,600,000.

Statutes affected:
Bill Text LD 1889, HP 1260: 5.13056