MS SB2663

Removes the exclusion of single-family dwellings from the definition of "eligible property" for historic rehabilitation tax credits, allowing owner-occupied dwellings to qualify for the 25% credit.

Changes the rebate provision to allow taxpayers to elect a 75% rebate on the total amount of excess credit (rather than only excess amounts over $250,000) in lieu of a ten-year carryforward.

Increases the maximum aggregate amount of tax credits that may be awarded from $120,000,000 to $180,000,000 and removes the $12,000,000 per fiscal year limitation on new credits issued.

Grants priority for tax credits to taxpayers issued certificates prior to July 1, 2019 who were unable to claim credits due to previous aggregate limits.

Extends the deadline for issuing certificates evidencing eligible credits from December 31, 2020 to December 31, 2029, with an effective date of July 1, 2019.