A bill for an act relating to the historic preservation tax credit available against the individual and corporate income taxes, the franchise tax, and the insurance premiums tax.

HSB 270 modifies existing law concerning the historic preservation tax credit. The bill extends the date for which previously issued historic preservation tax credits are protected from changes to their refundability. Specifically, it shifts the protection date from January 1, 2023, to July 1, 2023. This means that taxpayers who were issued, awarded, or allowed historic preservation tax credits prior to July 1, 2023, will have their rights to those credits preserved, including any carryforward amounts.