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Staff asks council to continue support for LD 465 to expand historic rehab tax credit to homeowners
Summary
Anne Craig, director of community and economic development, asked the council to continue support for LD 465, which would raise the small‑rehab tax credit from 25% to 30%, extend credits to homeowners, add bonuses for accessory dwelling units and previously vacant properties, and cap eligible expenses at $250,000.
Anne Craig, director of community and economic development, told the council that Maine Preservation requested continued municipal support for LD 465 as the bill advances to appropriations this week. Craig said the bill would increase the small rehabilitation tax credit from 25% of qualified expenses to 30%,…
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