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Legislation & Public Policy Issues in Preservation     


Legislation & Public Policy Issues in Preservation
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Rehab Tax Credit Bill Reintroduced in New Jersey
Historic Preservation Blog from PreservationDirectory.com - Rehab Tax Credit Bill, New Jersey, Historic Properties Reinvestment Act, Preservation New Jersey
Contributed By: The National Trust for Historic Preservation's Department of Public Policy
Email The Author: pr@nthp.org
Website: http://www.nthp.org

The Historic Properties Reinvestment Act (HPRA) was reintroduced in the New Jersey Assembly on January 8th after opposition from the Administration stalled the bill in the 2007 legislative session. Under the bill, a taxpayer would be allowed a credit against his/her personal income tax OR a business would be allowed a credit against its corporate business tax of 25 percent of the costs of a completed rehabilitation. Taxpayers who are unable to use the credit would be allowed to transfer it.

For updated information on the advocacy effort, visit Preservation New Jersey’s website at http://preservationnj.org/take_action/take_action.asp?ss3id=3.

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


Keywords: Rehab Tax Credit Bill, New Jersey, Historic Properties Reinvestment Act, Preservation New Jersey

Posted: January 28, 2008
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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