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Finance Committee increases per-project cap for historic-preservation tax credit
Summary
The committee reported House Bill 15 72 by a vote of 25–1 to increase the per-project cap on historic preservation tax credits from $500,000 to $1.5 million; members noted the program's expansion in the recent budget to $20 million total.
The House Finance Committee voted 25–1 to report House Bill 15 72, a bill sponsored by Representative Gogener that would raise the per-project cap for the historic preservation incentive tax credit from $500,000 to $1.5 million.
Mark Forman, the committee's senior executive director, described the bill as an increase in the maximum per-project credit award to $1.5 million. Committee members…
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