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Senate Revenue & Tax Committee advances technical and administrative tax bills; ABLE-account deduction and lien publication pass
Summary
The committee unanimously or by voice vote approved a series of tax and administrative bills: HB 1800 (historic rehabilitation credit structure), HB 1075 (ABLE-account deduction), HB 1618 (rural fire extractor requirement), HB 1724 (DFA hearing discretion), HB 1910 (tax-lien publication), HB 1908 (amended returns clarification), HB 1931 (procurement notice for closed businesses), and HB 1953 (federal conformity).
The Senate Revenue & Tax Committee approved a stack of bills covering tax credits, administrative procedure and conformity to federal tax rules.
House Bill 1800 would create a historic rehabilitation tax credit for projects larger than the state’s current $1.5 million cap; sponsor Representative Andy Davis said the mechanism matches the existing credit and that funding would come from grants, donations or transfers rather than an immediate appropriation. The committee voted to place the bill on the calendar and then approved Do Pass.
House Bill 1075 would allow an income-tax deduction — not a credit — for contributions to ABLE accounts used by and for people with disabilities. Grant Wallace, chief…
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