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Legislation & Public Policy Issues in Preservation     


Legislation & Public Policy Issues in Preservation
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Support Grows for Rehab Tax Credit in Maine
Historic Preservation Blog from PreservationDirectory.com - historic rehabilitation tax credit, Maine
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 rehabilitation tax credit that was carried over to the short session was highlighted in Governor Baldacci’s state of the state speech. To read the full text of the speech, go to http://www.maine.gov/tools/whatsnew/index.php?topic=Portal+News&id=48517&v=article-2006.

The Kennebec Journal Morning Sentinel also supported the tax credit in its January 9th edition saying “the credit should be expanded to allow qualified rehabilitation projects to receive a tax credit equal to 25 percent of the qualified historic rehabilitation costs that would provide a maximum benefit of $5 million. A tax credit like this would provide a dollar-for-dollar reduction in the participating developer's income tax liability. This is a powerful incentive to undertake these otherwise financially risky projects.”

To read the complete text of the Sentinel article visit http://morningsentinel.mainetoday.com/view/columns/4632418.html.

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


Keywords: historic rehabilitation tax credit, Maine

Posted: January 28, 2008
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