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Committee agrees to support proposed residential historic-tax-credit expansion and authorize testimony
Summary
The committee voted to authorize testimony in support of state legislation that would expand historic tax credits to apply to residential homeowners in historic districts and on National Register properties, aiming to reduce costs of preserving older homes.
Committee members authorized staff to testify in support of proposed state legislation that would expand the historic tax-credit program to residential properties.
What was proposed: staff explained the expansion would allow residential homeowners in historic districts or owners of National Register properties to qualify for a tax credit to help cover preservation and rehabilitation costs. Supporters said the change would benefit many Bangor neighborhoods in which historic homes require costly upkeep.
Committee action: a motion to grant permission to provide testimony in support passed by roll call. Councilors asked procedural questions about eligibility; staff confirmed eligibility would require either listing on the National Register or inclusion in a local historic district as defined by the legislation.
Ending: The committee approved providing testimony in support and will direct a staff representative to testify before the state body considering the change.
