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FISCAL NOTE
House Bill 253
Committee: Finance and Taxation EducationSponsor: Representative Adline Clarke
Analyst: Jennifer Farish Date: 05/30/2023
House Bill 253as passed the House of Representatives would allow historic rehabilitation tax
credits to be claimed in the taxable year in which the reservation is allocated to a project, in lieu
of the taxable year in which the certified rehabilitation is placed in service, as provided by
current law.
This bill could also increase the obligations of the Historic Tax Credit Evaluating Committee by
an estimated $300 per meeting to reimburse the per diem and travel expenses of the two
legislative members added to this committee by this bill for attending meetings of the
committee.