Please join the Preservation League of New York State, the New York Landmarks Conservancy, the Municipal Art Society, and the Historic Districts Council on Thursday, May 6, 2010 to learn how the newly-expanded New York State Rehabilitation Tax Credit can benefit New York City residents and their neighborhoods. This workshop, geared for elected officials and community leaders, will provide the necessary program information for leaders to take back to share with their constituents.
Speakers will provide information on the NYC Rehabilitation Tax Credit program criteria, including the National Register of Historic Places, and guidance on how New York City residents can apply the credit to their capital repair projects.
What: Workshop on NYS Rehabilitation Tax Credit for historic buildings
When: Thursday, May 6
Check-in 8:30 am
Workshop 9:00 -11:00 am
Where: The Arsenal, Central Park, Fifth Avenue and 64th Street, Third Floor
Speakers include: Steven Weiss, Founding Partner, Cannon Heyman & Weiss, LLP and Erin Tobin, Eastern Regional Director, Technical and Grant Programs, Preservation League of NYS.
RSVP to meralagish@nylandmarks.org or call 212.995.5260
The NYS Historic Residential Properties Tax Credit Program will cover 20 percent of qualified rehabilitation costs of owner-occupied historic houses, up to a credit value of $50,000. The NYS Historic Commercial Properties Tax Credit will cover up to 20 percent of qualified rehabilitation costs up to a credit value of $5 million.
This program requires that the building be individually listed in the State or National Register of Historic Places, or in a listed historic district. The building must also be located in a qualifying census tract, and at least $5,000 must be spent on the project. If you have questions about the program or want to find out if your home or business is eligible, go to http://nysparks.state.ny.us/shpo/tax-credit-programs.