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HI HB2420
Bill
Status
1/25/2012
Primary Sponsor
Angus McKelvey
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AI Summary
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Establishes a tax credit for qualifying substantial rehabilitation expenses of certified historic structures
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Creates a historic preservation revolving fund to support preservation efforts
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Applies technical and nonsubstantive amendments for clarity, consistency, and style
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Received support from the Historic Hawaii Foundation and comments from the Department of Land and Natural Resources, Department of Taxation, Department of Budget and Finance, and Tax Foundation of Hawaii
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Recommended for passage and referral to the Committee on Finance
Legislative Description
Historic Preservation Income Tax Credit
Last Action
(H) Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Belatti, C. Lee, M. Lee, Tokioka excused (4).
2/15/2012