summary
Introduced
02/22/2022
02/22/2022
In Committee
02/24/2022
02/24/2022
Crossed Over
02/28/2022
02/28/2022
Passed
Dead
03/04/2022
03/04/2022
Introduced Session
2022 General Session
Bill Summary
This bill modifies the tax credit related to expenditures for rehabilitating a historicbuilding.
AI Summary
This bill modifies the tax credit related to expenditures for rehabilitating a historic building. The bill allows taxpayers to claim a 20% tax credit for qualified rehabilitation expenditures of more than $10,000 incurred on residential or commercial certified historic buildings. The bill also permits the sale or assignment of the tax credit with no limit on the number of transactions. Additionally, the bill has retrospective operation for taxable years beginning on or after January 1, 2022.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Senate/ filed in Senate file for bills not passed (on 03/04/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://le.utah.gov/~2022/bills/static/SB0234.html |
| Fiscal Note SB0234S01 | https://le.utah.gov/lfa/fnotes/2022/SB0234S01.fn.pdf |
| Analysis - SB0234S01 Compared With SB0234 | https://le.utah.gov/~2022/bills/sbillint/SB0234S01_ComparedWith_SB0234.pdf |
| Fiscal Note SB0234 | https://le.utah.gov/lfa/fnotes/2022/SB0234.fn.pdf |
| BillText | https://le.utah.gov/~2022/bills/sbillint/SB0234.pdf |
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