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Committee advances historic tax credit bill to suspense; supporters say it spurs housing and preservation
Summary
AB 1265 would extend and expand California’s state historic tax credit, adding a bonus for projects that create or preserve affordable housing; the Revenue and Taxation Committee moved the bill to the suspense file and indicated it will be made a two‑year bill.
Assemblymember Haney presented AB 1265 as the Historic Building Tax Relief Act, which would extend the state historic tax credit through 2031 and add a 10% bonus credit for projects that create housing or retain existing affordable housing. Haney said the bill would incentivize converting vacant historic buildings to housing and mixed‑use developments.
Cindy Heitzman, executive director of the California Preservation Foundation,…
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