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House Bill 1616, DNR agency bill, clears committee with technical changes to historic tax credit and submerged lands
Summary
A short agency bill from the Department of Natural Resources that clarifies notice for subsurface mineral tax sales, narrows annual historic rehabilitation tax credit caps to broaden residential application, and establishes a process for submerged land preserves advanced from committee unanimously.
House Bill 1616, the Department of Natural Resources agency bill, moved out of the Tax and Fiscal Committee without opposition after sponsor and agency witnesses described small, technical changes intended to improve administration of existing programs.
Representative Glick (sponsoring in the House) and Representative Lindau presented the measure, which the presenters and a DNR legislative director described as a relatively short agency bill with three main elements: a notice procedure for subsurface mineral interests when unpaid taxes put those interests into tax sale; a change to the historic rehabilitation tax credit structure intended to spread credits among…
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