Senate File 612 H-1353 Amend the amendment, H-1329, to Senate File 612, as passed by 1 the Senate, as follows: 2 1. By striking page 15, line 24, through page 17, line 23. 3 2. Page 18, after line 14 by inserting: 4 < DIVISION ___ 5 HISTORIC PRESERVATION TAX CREDIT 6 Sec. ___. Section 404A.2, subsection 4, paragraph a, Code 7 2025, is amended to read as follows: 8 a. For a tax credit claimed by an eligible taxpayer or 9 a transferee for qualified rehabilitation projects with 10 agreements entered into on or after July 1, 2014, the following 11 percentage of any credit in excess of the taxpayer’s tax 12 liability for the tax year may be refunded: 13 (1) For the tax year beginning on or after January 1, 2023, 14 but before January 1, 2024, ninety-five percent. 15 (2) For the tax year beginning on or after January 1, 2024, 16 but before January 1, 2025, ninety percent. 17 (3) For the tax year beginning on or after January 1, 2025, 18 but before January 1, 2026, eighty-five percent. 19 (4) For the tax year beginning on or after January 1, 2026, 20 but before January 1, 2027, eighty percent. 21 (5) (3) For tax years beginning on or after January 1, 2027 22 2025 , seventy-five one hundred percent. 23 Sec. ___. RETROACTIVE APPLICABILITY. This division of this 24 Act applies retroactively to January 1, 2025, for tax years 25 beginning on or after that date. > 26 3. By renumbering as necessary. 27 ______________________________ KAUFMANN of Cedar -1- H 1329.2104 (2) 91 jm/jh 1/ 1 #1. #2. #3.