Historic rehabilitation; maximum amount of tax credit.

Historic rehabilitation tax credit; increase.Increases from $5 million to $10 million, beginning in taxable year2024, the maximum amount of the historic rehabilitation tax credit,including amounts carried over from prior taxable years, that maybe claimed by a taxpayer in any taxable year. In addition, shouldthe taxpayer incur expenses toward the rehabilitation of a certifiedhistoric structure in a locality that has a designated enterprise zone, as defined in relevant law, the taxpayer may claim up to anadditional $10 million in any taxable year.