The bill offers tax credits for completing eligible construction projects at abandoned commercial building sites. These credits aim to incentivize the revitalization of such properties through the use of Construction and Grant Incentive Tax (Cbt and Git) credits. This initiative encourages development in these areas by providing financial benefits to those undertaking qualified construction projects, ultimately promoting economic growth and revitalization in communities with abandoned commercial buildings.
2024-01-09: Introduced, Referred to Assembly State and Local Government Committee
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