SB 425

Chamber: Senate

Sponsor: Barbara Washington

Last Action: 3/2/2023 - Second Read and Referred S Economic Development and Tax Policy Committee

Committee: Economic Development and Tax Policy

Description: Authorizes a tax credit for the purchase of certain …

Full summary: SB 425 - For all tax years beginning on or after January 1, 2024, this act authorizes a tax credit in the amount of $5,000 for a taxpayer that is a first-time home buyer purchasing an eligible blighted property, as described in the act. To be eligible,… Read more