MS HB1584

Removes the exclusion of single-family dwellings from eligible property for historic rehabilitation tax credits, allowing homeowners to claim the 25% rehabilitation cost credit.

Increases the maximum aggregate tax credits from $120,000,000 to $180,000,000 and removes the annual limit of $12,000,000 per state fiscal year.

Changes the excess credit refund eligibility from credits exceeding $250,000 to all excess credits, allowing taxpayers to elect a 75% refund on total excess credits in lieu of a ten-year carryforward.

Grants priority for tax credits to taxpayers issued certificates before July 1, 2019, and extends the deadline for issuing certificates from December 31, 2020, to December 31, 2029.

Effective July 1, 2019.