RELATING TO A STATE HISTORIC PRESERVATION INCOME TAX CREDIT.

Added Section 3 establishing a sunset date of December 31, 2030, and an effective date of July 1, 3000 (likely a placeholder error that needs correction).

Changed the tax credit cap amounts from specific $1,000,000 figures to blank fields for years 2025-2030, indicating these amounts need to be finalized before enactment.

Added subsection (h) requiring the director to prepare forms necessary to claim the tax credit and to require taxpayers to furnish reasonable information to validate claims.

Added a report requirement for the state historic preservation division to submit an evaluation of the tax credit's effectiveness to the legislature no later than twenty days prior to each regular legislative session.

Added new subsection (m) defining key terms including 'certified historic structure,' 'qualified rehabilitation expenditures,' 'qualified staff,' 'rehabilitation plan,' and 'substantial rehabilitation.'