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Committee allows longer local property-tax abatement for rehabilitated commercial historic properties
2482322 · March 3, 2025
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Summary
HB526 would let local governments extend property-tax abatements on income-producing historic rehabilitation from the current roughly nine-year limit up to 20 years, optionally and with no state funds involved; the committee moved the bill forward.
The Ways and Means Committee approved HB526, a permissive local-option change allowing counties and municipalities to offer property-tax abatements on rehabilitated, income-producing historic commercial property for up to 20 years where local governments opt in.
Representative Newton…
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