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HB 2275

income tax credit; historic preservation

57th Legislature - First Regular Session Introduced by Chris Mathis

Arizona HB 2275 creates state income tax credits for taxpayers who rehabilitate historic properties, shifting preservation costs from government to private investors through tax incentives.

House Second Reading
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WeVote Research Nonpartisan
Bill Summary · HB 2275

Legislative bill overview

HB 2275 establishes an income tax credit in Arizona for taxpayers who invest in the preservation and rehabilitation of historic properties. The bill incentivizes private funding of historic preservation projects by allowing qualifying taxpayers to claim a credit against their state income tax liability for eligible rehabilitation expenses.

Why is this important

Historic preservation tax credits leverage private capital to maintain architecturally and culturally significant buildings that might otherwise deteriorate or be demolished, supporting community character and heritage. The policy also generates economic activity through construction jobs and property improvements while potentially increasing property tax revenue on rehabilitated sites.

Potential points of contention

  • Fiscal cost and targeting: Questions about the total tax revenue foregone, whether credits should be capped or phased, and if incentives disproportionately benefit wealthy property owners in affluent areas with historic districts
  • Definition and eligibility criteria: Disputes over which properties qualify as "historic," what rehabilitation work counts as eligible, and whether the standards align with federal historic preservation guidelines or are state-specific
  • Economic efficiency: Debate over whether tax credits effectively generate net new preservation activity or primarily subsidize projects that would occur anyway, and whether the public benefit justifies the foregone tax revenue

Compiled from official sources — confirm details with the bill’s official record.

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