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Legislation & Public Policy Issues in Preservation     


Legislation & Public Policy Issues in Preservation
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Minnesota State Rehab Tax Credit Lands in Omnibus Tax Bill
Historic Preservation Blog from PreservationDirectory.com - The National Trust for Historic Preservation's Department of Public Policy, Minnesota, rehab tax credit, historic buildings, historic preservation
Contributed By: The National Trust for Historic Preservation's Department of Public Policy
Email The Author: pr@nthp.org
Website: http://www.nthp.org

Minnesota state legislators are currently considering a rehab tax credit to encourage private investment in the state’s older communities through rehabilitation of the state’s historic buildings. Originally introduced by Senator Larry Pogemiller (DFL-Minneapolis) in the Senate and Representative Paul Marquart (DFL-Dilworth) in the House respectively, the proposed state rehab credit is included in an omnibus tax bill currently under consideration.

Minnesota has an opportunity to become the 31st state in the nation to provide incentives for preservation of historic structures through the use of a state historic preservation tax credit. The Minnesota Legislature is planning to adjourn on Monday, May 18, which means the next two weeks are critical to ensuring the tax credit is passed this year. Preservationists have been using the job-creation aspects of historic rehabilitation to great advantage in convincing state legislators to include a rehab credit as part of economic recovery and stimulus initiatives in the state legislature.

Reprinted by permission of the Public Policy Department of the National Trust


Keywords: The National Trust for Historic Preservation's Department of Public Policy, Minnesota, rehab tax credit, historic buildings, historic preservation

Posted: May 4, 2009
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