SB 701 – Indexes the Historic Preservation tax credit cap to inflation

• Sponsor: Sifton
• LR Number: 4430S.01I
• Committee: Economic Development
• Last Action: 2/20/2018 - Hearing Conducted S Economic Development Committee
• Effective Date: August 28, 2018

Current Bill Summary

SB 701 - For each fiscal year beginning on or after July 1, 2019, this act provides that the annual cap on the amount of historic preservation tax credits that may be authorized shall be adjusted annually for the percentage increase in inflation.

This act is identical to SB 425 (2017) and is substantially similar to a provision contained in SB 1032 (2018).

JOSHUA NORBERG