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Bills › 91st General Assembly

SF 44Died when the session ended · January 15, 2025

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 Sen. Mark S. Lofgren (R)

Topics:TaxesTax credits & incentives

Same legislation: HSB 232

Write your legislators about it

Also covers HSB 232.

Official bill pageLobbyist declarationsOne-pager to print

Where it is now

  1. Done: IntroducedJanuary 15, 2025
  2. Done: SubcommitteeJanuary 22, 2025
  3. Stopped: Senate committeeDied when the General Assembly ended
  4. Next: Passes the Senate
  5. Next: House committeeFunnel: by March 20, 2026
  6. Next: Passes the House
  7. Next: To the Governor
  8. Next: Signed into law

Died when the session ended The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

AI summary Starting in 2023, the state is slowly reducing the amount of money people can get back as a refund for historic preservation tax credits. This change will be complete by 2027. The law also protects people who were already granted these tax credits before July 1, 2023, so they can still use them as originally promised.1

Read the official explanation

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. This bill expands the applicability of the preservation of existing rights provision from January 1, 2023, to July 1, 2023, to tax credits issued, awarded, or allowed prior to July 1, 2023.

Full bill text2

Senate subcommittee

Named January 22, 2025. It hasn’t reported yet.

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

Lobbying

7 for · 0 against · 12 undecided · Who →

Family tree

Study bill

HSB 232Cleared committee

91st General Assembly

SF 44Cleared committee

Similar bills

  • HF 1018 Relating to the historic preservation tax credit available against the individual and corp…
    91st General Assembly · In committee
    Nearly identical

Matched by wording or an identical title.