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Legislation & Public Policy Issues in Preservation     


Legislation & Public Policy Issues in Preservation
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Colorado State Tax Credit Extension Sent to Governor for Signature
Historic Preservation Blog from PreservationDirectory.com - The National Trust for Historic Preservation's Department of Public Policy, Colorado State Historic Rehabilitation Tax Credit Program
Contributed By: The National Trust for Historic Preservation's Department of Public Policy
Email The Author: pr@nthp.org
Website: http://www.nthp.org

As reported last week, the state legislature is considering a ten-year extension of the Colorado state historic rehabilitation tax credit program set to expire in 2009 (HB 1033) with two amendments; 1) elimination of the annual resolution process for Certified Local Governments, and 2) if the state's general fund revenues are predicted not to meet a minimum percentage in a given year the credit may not be taken that year but the 10-year carry-over period is extended for each year this occurs. This week, the Senate passed the bill and it now awaits Governor Ritter's signature.

For more information about the advocacy efforts surrounding this 20% tax credit to both income-producing and homeowner rehabilitation projects, visit Colorado Preservation, Inc. at http://www.coloradopreservation.org.

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


Keywords: The National Trust for Historic Preservation's Department of Public Policy, Colorado State Historic Rehabilitation Tax Credit Program

Posted: May 5, 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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