A bill to amend the Internal Revenue Code of 1986 to provide a refundable tax credit for the installation of sprinklers and elevators in historic structures.
Historic Downtown Preservation and Access Act - Amends the Internal Revenue Code to allow a refundable tax credit for 50% of the cost of installing an elevator system or a sprinkler system in a certified historic structure. Limits the total amount of such credit to $50,000 in any taxable year.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S6214-6215)
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6215)
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