Bill Title: Establishes a credit against income tax for the rehabilitation of distressed residential properties; allows a credit equal to thirty percent of the qualified rehabilitation expenditures made by the taxpayer with respect to a qualified distressed residential property; requires property that qualifies must be constructed prior to January 1, 1962 in a distressed residential or mixed-use neighborhood.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Engrossed - Dead) 2018-02-06 - PRINT NUMBER 2642B [S02642 Detail]

Text: Latest bill text (Amended) [HTML]

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Sponsors

Name	Type	Contact	Phone	District	Sponsorship	State Profile	Financial	Encyclopedia	Biography
Senator Michael Ranzenhofer [R]	Primary	Inactive	Inactive	SD-061	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart
Senator Rich Funke [R]	Cosponsor	Inactive	Inactive	SD-055	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart
Senator William Larkin [R]	Cosponsor	Inactive	Inactive	SD-039	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart
Senator Susan Serino [R]	Cosponsor	Inactive	Inactive	SD-041	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart

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