An Act To Expand Tax Incentives For Certain Barn Renovations

This bill creates a refundable tax credit for homeowners who restore noncommercial barns on their residential property. It provides a credit equal to 40% of renovation costs exceeding $25,000, with a maximum annual credit of $400,000 per barn. Unused credits can be carried forward for up to four years, and the total credit for any single barn cannot exceed $1.6 million over time. The credit applies only to barns used for noncommercial purposes (like storage or livestock housing) and requires reporting to the state for tracking.