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Utah Legislation Would Expand State HTC to Cover Commercial Properties

Thursday, February 16, 2023 - 2:30PM

Legislation introduced in the Utah House of Representatives would expand the state historic tax credit (HTC) to cover commercial properties. H.B. 424 would allow the credit–which currently is available only to residential properties–to be used for commercial buildings. It also allows the transfer of the state HTC among taxpayers. The expanded provisions would take effect for taxable years beginning on or after Jan. 1, 2024.

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