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City staff testifies in support of state bills to expand historic rehabilitation tax credits
Summary
At the March 13 meeting city staff reported providing testimony in favor of two Maine legislative measures — one to allow greater front-loading of credits for large certified historic rehabilitation projects (LD 146) and another (LD 435) to modernize small-project provisions and extend benefits to residential historic properties.
City staff told the Historic Preservation Commission on March 13 that they provided testimony in favor of two pending state bills that would alter the Maine historic rehabilitation tax credit program.
Staff described LD 146 as a bill that would change the maximum credit allowed for certified historic-structure rehabilitation projects in the first two years in which a credit may be claimed. Under the bill the ceiling would move from $5 million in each of the…
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