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Bel Air town leaders review proposal to expand historic-preservation tax credit
Summary
The Bel Air Board reviewed draft ordinance language to allow the Historic Preservation Commission to award an enhanced 25% tax credit for qualifying restoration work; commissioners and the commission’s chair discussed criteria, fiscal impact and how the credit would be applied.
The Bel Air Board of Town Commissioners on Sept. 30 reviewed draft ordinance language to let the Historic Preservation Commission (HPC) award a 25% tax credit for qualifying restoration work consistent with a structure’s historic period.
Commissioners said the measure is intended to incentivize owners to retain or restore period materials — for example, restoring wood siding that had been covered with vinyl — and to encourage more properties to join the town’s preservation program.
The ordinance package presented to the board includes an amendment to Chapter 50 (Financial Matters) that would authorize the HPC to award a 25% credit, and corresponding changes to Chapter 2-46 (Historic…
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