A bill for an act relating to the historic preservation tax credit available against the individual and corporate income taxes, the franchise tax, and the insurance premiums tax.

SF 653 extends the deadline for taxpayers to claim historic preservation tax credits issued before July 1, 2023. It expands the protection period from January 1, 2023 (in prior law) to July 1, 2023 for existing credits against individual/corporate income taxes, franchise tax, and insurance premiums tax. This ensures taxpayers can still use credits earned before July 2023 without losing eligibility. The bill does not change the credit's refundability or create new credits.