PreservationDirectory.com
PreservationDirectory.com
 
home
preservation events & conferences
press releases & job postings
› main menu
› article guidelines
› submit an article
grants & funding sources
heritage marketing services
preservation library:
articles, regulations & policy
preservation organizations
& resources
museums & historic structures
historic real estate
preservation businesses,
products & services
historic lodging:
inns, b&b's, hotels
historic tours
preservation general resources
historic photo galleries
preservation bookstore
frequently asked questions
about us
join email list
contact us
site map


member login

Featured
Property For Sale
View more information about this historic property for sale in Orleans, Iowa

The Kingman Estate

Orleans, IA
PreservationDirectory.com
30 Bromley Road
Pittsford, NY 14534
Phone: (503) 308-0500

Email Us!





ArchiveInABox

WeddingGownPreservationKit.com

Victorian Revival Vintage Lighting

Mad Dog Primer



PreservationDirectory.com

Funding, Tax Incentives, Grants & Awards for Preservation Projects     


Funding, Tax Incentives, Grants & Awards for Preservation Projects
Back to Press Releases Print   Submit an Article
Legislation in Illinois and New Jersey Would Expand State Historic Tax Credit Programs
Historic Preservation Blog from PreservationDirectory.com -
Contributed By: Preservation Action
Email The Author: info@preservationaction.org
Website: http://preservationaction.org

From Preservation Action:

Across the country state legislatures are getting underway, including several that are considering bills that would establish new or expand existing state historic tax credit programs. 

In Illinois, legislation (S.B 2880) was recently introduced to increase the cap on their historic tax credit from $15 million to $75 million. If enacted the cap would increase to $25 million in 2024 then to $75 million from 2025-2028. Illinois currently provides a 25% state historic tax credit toward qualified rehabilitation expenses.

Legislation (SB 2391) recently introduced in New Jersey would create a homeowner historic tax credit for 25% toward qualified rehabilitation expenses. The program would have a per project cap of $25,000 and a statewide cap of $15 million. New Jersey currently has a historic tax credit for income producing properties.

What legislation is being considered in your state that impacts historic preservation? Let us know by emailing info@preservationaction.org.

 


Posted: February 7, 2024
Back to Press Releases Print   Submit an Article


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.
   



PreservationDirectory.com | preservation events & conferences | press releases & job postings | organizations & resources
museums & historic structures | historic real estate | preservation businesses, products & services | historic lodging
historic tours | preservation general resources | historic photo galleries | preservation bookstore | preservation library
frequently asked questions | about us | join email list | heritage marketing services | contact us | site map

© Copyright 2024 - PreservationDirectory.com | website by Stolutions