HB203 HFA Nelson
10-17 #1
McO 3230
Delegate Nelson moves to amend the bill on page two, section eight-a, line nine, following the word “expenditure”,
by striking out the colon and inserting a comma and the words “subject to
the limitations and other provisions of section twenty-three-a, article
twenty-four of this chapter”, followed by a colon;”
On page two, section eight-a, line fourteen,
following the words “by the Tax Division”, by inserting the words “or
the taxpayer is delinquent in the payment of any local or municipal tax”
and a comma;
On page two, section eight-a, line twenty,
following the words “by the Tax Division”, by inserting a comma and the
words “is not delinquent in the payment of any local or municipal tax”
and a comma;
On page two, section eight-a, line twenty--seven,
by striking out subsection (b) in its entirety and inserting in
lieu thereof the following:
“(b)
The tax credit allowed by this section is eliminated
after December 31, 2022: Provided,
That any tax credits authorized by the state historic preservation officer and
eligible to be claimed prior to January 1, 2023, shall continue to be eligible
to be claimed subject to the provisions of law governing those tax credits that
were in effect prior to January 1, 2023.”;
On page five, section twenty-three-a,
line thirty-six, by striking out subdivision (3) in its entirety and inserting
in lieu thereof the following:
“(3) At the beginning of each fiscal
year, no less than $5 million of the tax credits authorized by this section and
section eight-a, article twenty-one of this chapter shall be set aside for
reservation and the issuance of tax credits for certified rehabilitation
projects with proposed tax credits of $500,000.
The balance of any amount set aside for these projects that has not been
reserved pursuant to the procedures in subsection (c) of this section by the
end of the fiscal year shall be allocated by the state historic preservation
officer for the projects in any amount of other pending applicants otherwise
eligible for the issuance of tax credits under this section and section
eight-a, article twenty-one of this chapter in the order that the applications
for those projects were received.”;
On page five, section twenty-three-a,
line forty-six, following the words “for the tax”, by striking out the
word “credit” and inserting in lieu thereof the word “credits”;
On page six, section twenty-three-a,
line fifty-six, following the words “National Park Service” and the
comma, by striking out the words “a fee request will be sent” and
inserting in lieu thereof the words “the state historic preservation officer
shall send a request for the fee prescribed in subsection (e) of this section”;
On page seven, section twenty-three-a,
line eighty-three, by striking out the words “shall be accompanied by” and
inserting in lieu thereof the words “and section eight-a, article twenty-one
of this chapter shall require”;
On page seven, section twenty-three-a, beginning
on line eighty-five, following the words “within 30 days of receipt” and
the period, by creating a new paragraph to read as follows:
“Fees collected under this subsection
shall be deposited into a special revenue account which is hereby created. The fund shall be administered by the
state historic preservation
officer and expended for the purposes of administering the provisions of this
section and section eight-a, article twenty-one of this chapter.”
On page seven, section twenty-three-a,
line eighty-seven, by striking out subsection (f) in its entirety and inserting
in lieu thereof the following:
“(f) The tax credit allowed by this section is eliminated after December 31, 2022: Provided, That any tax credits authorized by the state historic preservation officer and eligible to be claimed prior to January 1, 2023, shall continue to be eligible to be claimed subject to the provisions of law governing those tax credits that were in effect prior to January 1, 2023.”.
Adopted
Rejected