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Morgan County preservation group pitches a local historic-residence tax credit
Summary
Morgan Valley Preservation proposed a county-level historic-preservation tax credit: 20% of eligible rehab expenses up to $1,250 per year for qualifying residences built in 1945 or earlier (estimated ~100 homes countywide). Commissioners asked for coordination with other taxing entities and recommended next-step drafting and outreach.
Members of Morgan Valley Preservation and the Morgan County Historical Society asked the County Commission on Feb. 3 to consider a historic-preservation tax credit targeted at older residences, arguing it would encourage upkeep of the county’s historic housing stock and support tourism and neighborhood character.
Justin Reese (presentation) outlined the proposal: a 20% tax credit capped at $1,250 annually for qualifying residential rehabilitation work on homes built in 1945 or earlier. Reese said the County Assessor’s office…
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