Bill Title: Establishes a credit against income tax for the rehabilitation of distressed residential properties; allows a credit equal to thirty percent of the qualified rehabilitation expenditures made by the taxpayer with respect to a qualified distressed residential property; requires property that qualifies must be constructed prior to January 1, 1962 in a distressed residential or mixed-use neighborhood.

Spectrum: Slight Partisan Bill (Democrat 5-2)

Status: (Introduced - Dead) 2018-01-29 - print number 4415b [A04415 Detail]

Text: Latest bill text (Amended) [HTML]

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