Historic Preservation

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Assembly member Sam Hoyt (D-Buffalo) and Senator David Valesky (D-Syracuse) have introduced A.6471-A/S.2960-A which provides a 20% NYS rehabilitation credit, with a cap of $5 million per project, for users of the federal rehabilitation credit on qualified commercial structures in New York State.

The Iowa State Senate has approved Senate File 481, which provides a major expansion of the state’s historic preservation tax credit program.

Arkansas Governor Mike Beebe last week signed into law the Arkansas Historic Rehabilitation Tax Credit Bill.

NH&RA has made available individual PowerPoint presentations from the recent 2009 Annual Meeting & NMTC Symposium, March 11-15 in Key Largo, Florida.

Arkansas State Rep Robert Moore has introduced a bill (HB 1953) that would create an Arkansas state historic rehabilitation tax credit.

Montana state legislature is considering legislation (HB 631) that would increase the state’s rehabilitation tax credit from 25% to 100% of the federal rehabilitation tax credit.

New York’s state historic rehabilitation tax credit would be expanded by newly introduced bills.

The Abell Foundation has published a new report on the impact of Maryland’s state historic preservation tax credit.

The Advisory Council on Historic Preservation (ACHP) will hold a meeting on February 20 in Washington, DC to provide an update on Preserve America Program Summit Implementation and on transition activities.

Tax Credit Advisor
October 2008
Issue Theme: Historic Rehabilitation

In his newly released proposed FY 2010 state budget, Maryland Gov. Martin O’Malley (D) has said he plans to submit legislation that would revise and enhance the state’s Heritage Tax Credit Program, which provides a state tax credit for the rehabilitation and renovation of historically and culturally significant properties, preserving Maryland’s architectural heritage.