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Bill

SB 2606

Relating to the franchise and insurance premium tax credit for the certified rehabilitation of certified historic structures.

89th Legislature (2025) Introduced by César Blanco

SB 2606 establishes a Texas tax credit incentivizing private rehabilitation of certified historic structures through franchise and insurance premium deductions.

Referred to Finance
#economicallydistressedareas(s0172) #historicpreservation&museums(i0392) #labor--unemployment(i0475) #taxation--franchise(i0807) #taxation--property-exemptions(i0793)
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Bill Summary · SB 2606

Legislative bill overview

SB 2606 creates or modifies a franchise and insurance premium tax credit for taxpayers who undertake certified rehabilitation work on certified historic structures in Texas. The bill incentivizes private investment in historic preservation by offering tax benefits to those meeting specific rehabilitation standards and historic designation requirements.

Why is this important

Historic preservation supports community character, tourism, and property values while often being economically challenging without incentives. Tax credits can make rehabilitation projects financially viable for property owners and developers, potentially spurring investment in underutilized historic buildings and revitalizing older neighborhoods and downtown areas.

Potential points of contention

  • Revenue impact: Tax credits reduce state revenue; the fiscal note will clarify how many projects might claim credits and the total cost to the state budget
  • Definition of "certified": Disputes may arise over which structures qualify, rehabilitation standards, and which certifying authority determines eligibility
  • Equity concerns: Critics may argue tax credits primarily benefit wealthy developers and property owners rather than lower-income communities, or question whether public subsidy is appropriate for private development

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

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