Bills › 91st General Assembly
Relating to the historic preservation tax credit available against the individual and corporate income taxes, the franchise tax, and the insurance premiums tax
Sponsored by the House Ways and Means (companion To Sf 170 By Lofgren) Committee
Where it is now
- Done: IntroducedJanuary 30, 2025
- Done: SubcommitteeFebruary 27, 2025
- Done: House committeeApril 16, 2025
- Stopped: Passes the HouseDied when the General Assembly ended
- Next: Senate committeeFunnel: by March 20, 2026
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
During the 2022 legislative session, House File 2317 was enacted which gradually reduced the refundability of the historic preservation tax credit commencing with the tax year beginning January 1, 2023, until percent of the credit in excess of tax liability is refundable for tax years beginning on or after January 1, 2027. Previously, the tax credit was 100 percent refundable. House File 2317 also enacted a provision preserving existing rights to the tax credit issued, awarded, or allowed prior to January 1, 2023, to reduce the effect House File 2317 had on existing tax credits being awarded.
Read the full explanation
This bill expands the applicability of the preservation of existing rights provision from January 1, 2023, to July 1, 2023, to historic preservation tax credits issued, awarded, or allowed prior to July 1, 2023.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
House subcommittee
Named February 27, 2025 (as HSB 270). On March 11, 2025 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Fiscal note
Less revenue: up to $300,000 Compare with other bills
The proposed expansion of the preservation of existing rights for relevant tax credits issued, awarded, or allowed until July 1, 2023, is projected to decrease revenue to the State General Fund by $300,000 in FY 2026.
The estimate held steady
The largest dollar figure in each version’s summary.
- Refundability of Historic Tax Credits · May 12, 2025 · $300,000
- Refundability of Historic Tax Credits · April 21, 2025 · $300,000
Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note
Lobbying
4 for · 0 against · 22 undecided · Who →
Family tree
Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.
Study bill
Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.
Similar bills
- HSB 232 Relating to the historic preservation tax credit available against the individual and corp…91st General Assembly · In committeeNearly identical
Matched by the wording of each bill’s explanation, or an identical title. Companion bills and renumbered versions of this bill aren’t listed; they’re the same bill.