Senate approves expansion of historic rehabilitation tax credit to commercial main‑street properties

The Utah Senate approved Senate Bill 234, which expands a historic rehabilitation tax credit that had been focused on residences to include commercial properties on main streets across the state.

Sen. Owens, who presented the bill, said the measure would extend last year’s Main Street credit to commercial properties: "This bill would simply extend that to commercial properties, on your main streets of, throughout the state." He described the change as a way to support preservation and economic vitality on main street commercial corridors.

Vote and next steps: The Senate recorded the vote as 26 yea, 1 nay, 2 absent. The bill will be transmitted to the House for further consideration and any fiscal review there.

Context: The bill builds on a previous residential historic tax credit program and aims to provide an incentive for private investment in preservation of commercial historic properties.