Providing for different credit percentages for the tax credit for expenditures for the restoration and preservation of historic structures based on city populations and the amount of the expenditures.

The document header was updated to show 'As Amended by House Committee' while retaining the 'As Amended by Senate Committee' text within the body, indicating a procedural consolidation of amendments.

Line numbers and section markers were adjusted to renumber the text after the inserted Senate amendment content was restored to its proper position.

The document header and page numbering were updated to show the bill as amended by the Senate Committee on Commerce.

The text contains formatting artifacts where percentages and population ranges appear merged or incomplete (e.g., '30%40%' and 'between 9,500 and of more than 50,000'), suggesting the final legislative text has not been fully reconciled in this comparison.

Updated credit percentages for cities with populations over 50,000 to 40% for expenditures of $50,000 or more, replacing the previous 30% rate.

Added a new credit tier for townships and unincorporated areas with populations under 9,500, providing a 40% credit for qualifying expenditures.

Expanded the definition of eligible locations to include townships and unincorporated areas, not just cities.

Added specific rules allowing partnerships, LLCs, and S-corps to claim the credit, ensuring it passes through to individual owners.

Introduced a new provision allowing taxpayers to sell or assign their tax credits to others, with specific rules on how the credit can be used by the buyer.