LD 435: An Act To Expand The Historic Property Rehabilitation Tax Credit
LD 435 status: Introduced — Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD) (updated Apr 29, 2026).
What this bill does
Overall score
Bill summary
OfficialAn Act To Expand The Historic Property Rehabilitation Tax Credit. Currently in House.
Key analysis
Impact analysis
Environment
Benefits
- Encourages adaptive reuse of existing buildings
- Reduces demolition-related construction waste
Risks
- Incentives are focused on preservation rather than energy-efficient new construction
Economy
Benefits
- Stimulates investment in historic commercial and residential districts
- Supports construction and design industry jobs
Risks
- Reduces state general fund tax revenue
- Fiscal impacts of expansion are unquantified without a full text
Society
Benefits
- Preserves local community character and cultural heritage
Risks
- Risk of encouraging gentrification in designated historic areas
- Benefits may primarily accrue to property developers rather than residents
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Lack of fiscal impact analysis obscures the budgetary cost of the proposed credit expansion
Analysis based solely on bill abstract; specific terms of the credit expansion are unknown
Where it stands
Introduced
CurrentDied in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD)
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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