SB778 — AN ACT ESTABLISHING A TAX CREDIT AND AWARDING HOUSING UNIT-EQUIVALENT POINTS FOR THE CONVERSION OF COMMERCIAL AND INDUSTRIAL PROPERTIES FOR RESIDENTIAL USE.

SB778 — AN ACT ESTABLISHING A TAX CREDIT AND AWARDING HOUSING UNIT-EQUIVALENT POINTS FOR THE CONVERSION OF COMMERCIAL AND INDUSTRIAL PROPERTIES FOR RESIDENTIAL USE. · Informed CitizenryThis bill proposes to establish a tax credit for owners who convert commercial or industrial buildings into residential or mixed-use developments. The tax credit would be equal to 10% of the qualif…Open in Informed Citizenry