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Committee hears supporters of historic tax credit extension; bill placed in two‑year posture
Summary
AB 1265, which would extend and refine California’s state historic tax credit and add incentives for projects that create or retain affordable housing, received supportive testimony and was set to be carried as a two‑year bill for further consideration.
Assemblymember Haney presented AB 1265 as the California Historic Building Tax Relief Act, saying the bill would extend the state historic tax credit and prioritize projects that preserve or create affordable housing. He told the committee the incentive helps offset higher costs for seismic upgrades, fire protection and infrastructure in older buildings.
Cindy Heitzman, executive director of the California Preservation Foundation, said the credit has produced jobs and investment in California and that demand exceeded the initial program cap. She told the committee the program is an “earned incentive” that requires work to be completed before claiming credits.
Rita Cofield of the Getty Conservation Institute said the credit helps return neglected buildings to productive use and cited examples where tax incentives led to rehabilitation and affordable housing conversions.
Committee members praised the bill’s potential for preservation and housing conversion, then placed AB 1265 in a two‑year posture (housekeeping) for further consideration.
