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Arkansas Becomes 30th State to Offer Tax Credit for Historic Preservation
Historic Preservation Blog from PreservationDirectory.com - Arkansas historic preservation, historic rehabilitation tax credit program, rehabilitating historic income-producing owner-occupied properties, Rural Heritage Development, Preservation Alliance
Contributed By: The National Trust for Historic Preservation's Department of Public Policy
Website: http://www.nthp.org

Arkansas Governor Mike Beebe signed a bill (HB1953) creating a historic rehabilitation tax credit program for the state. Capped at $4 million a year, the program offers a 25% credit for certified costs of rehabilitating historic income-producing and owner-occupied properties.

An active coalition of interests supported its adoption, including communities from Delta region involved in the Rural Heritage Development Initiative project in the Delta region. Representative Robert Moore, the sponsor of the 2007 Arkansas Delta Geo-Tourism Act and preservation advocate from Arkansas City in Desha County, was the lead sponsor of HB1953.

For more information about the effort to secure this program, visit the Preservation Alliance of Arkansas website at http://www.preservearkansas.org.


Keywords: Arkansas historic preservation, historic rehabilitation tax credit program, rehabilitating historic income-producing owner-occupied properties, Rural Heritage Development, Preservation Alliance

Posted: March 29, 2009
Unless noted, the thoughts and opinions expressed in the article are solely that of the
author and not necessarily the opinion of the editors of PreservationDirectory.com.
   



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