Bill > A01808

This bill amends the tax law to add certain properties located in a city with a population greater than one million to the definition of a "qualified historic home" for the historic homeownership rehabilitation credit. Specifically, the bill allows properties located in a qualifying census tract as of January 1, 2017, and owned by the applicant as of January 1, 2010, in a city with a population greater than one million to be considered a qualified historic home eligible for the tax credit. The bill takes effect immediately and applies to taxable years beginning on or after January 1, 2024.