Historic Revitalization Tax Credit - Transferability, Funding, and Extension (Historic Revitalization Tax Credit Improvement Act of 2020)
What this bill does
Making a certain tax credit for commercial rehabilitations under the historic revitalization tax credit program transferable and refundable under certain circumstances; requiring the Governor to include in the annual budget bill an appropriation of at least $15,000,000 in fiscal year 2022, increasing in each intervening fiscal year up to $30,000,000 in fiscal year 2025, for the tax credit reserve fund; extending the tax credit through fiscal year 2028; applying the Act to taxable years beginning after December 31, 2019; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (16)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Ross, Barton | AIA Maryland | Oral + Written (PDF) |
| FAV | Webber, Jennifer | ASH NYC | Written (PDF) |
| FAV | Eilenberg, Robin | Chesapeake Bay Foundation | Oral + Written (PDF) |
| FAV | Parks, Katie | Eastern Shore Land Conservancy | Oral + Written (PDF) |
| FAV | Linder, Sakinah | Keen Preservation Solutions | Written (PDF) |
| FAV | McCleaf, Steve | Langley Realty Partners | Oral + Written (PDF) |
| FAV | Graf, Lorilobbyist | Maryland Building Industry Association | Written (PDF) |
| FAV | Ballentine, Tom | NAIOP | Written (PDF) |
| FAV | Sprague, Shaw | National Trust for Historic Preservation | Written (PDF) |
| FAV | Redding, Nicholaslobbyist | Preservation Maryland | Oral + Written (PDF) |
| FAV | Schultz, Brandon | Quinn Evans Architects | Oral + Written (PDF) |
| FAV | Walker, Lucille | Southern MD Heritage Area Consortium | Written (PDF) |
| FAV | McCleaf, Steven | Individual | Position only |
| FAV | Senator Hester, Senator Hesterlegislator | Individual | Oral + Written (PDF) |
| INFO | Gruzs, Adam | MD Dept of Planning | Written (PDF) |
| INFO | Wilkins, Barbara | Individual | Written (PDF) |