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Historic Preservation Commission proposes two-tier tax-credit idea to encourage restorations
Summary
The Historic Preservation Commission is exploring a two-tier tax-credit structure to incentivize high-quality historic restorations rather than minimal repairs; commissioners asked staff to work on draft language and the commission to vet it before the board considers any ordinance changes.
The Bel Air Historic Preservation Commission has proposed studying a two-tier tax-credit system to give larger incentives for full restorations rather than minimal repairs, the board heard on April 1.
The matter is relevant because it could alter how owners of properties in the town’s historic program are financially incentivized to restore architectural features. A speaker who serves as the board’s liaison to the Historic Preservation Commission described the concept: the town’s current…
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