From the editorial: "Rethos plans to establish an office in Duluth in July, stepping up its sharing of expertise here and its ability to attract dollars to save and restore old places. Its presence in Duluth promises to bolster the economic-development power of historic preservation throughout the Northland."
cschuldt@nujournal.com
MINNESOTA The Minnesota Legislature will likely extend the Minnesota historic tax credit’s sunset date, but the length of that extension will depend on negotiation between the state House and state Senate.
The credit provides 20% reimbursement of qualified cost to redevelop properties listed on the National Register of Historic Places.
To qualify for the tax credit, a project must be on the National Historic Register, it must be income-producing, and it must be a substantial rehabilitation project.
The tax credit was originally created in 2010 during the height of an economic recession. The tax credit was one method to stimulate building projects.
Clay Schuldt
MINNESOTA The Minnesota Legislature will likely extend the Minnesota historic tax credit’s sunset date, but the length of that extension will depend on negotiation between the state House and state Senate.
The credit provides 20% reimbursement of qualified cost to redevelop properties listed on the National Register of Historic Places.
To qualify for the tax credit, a project must be on the National Historic Register, it must be income-producing, and it must be a substantial rehabilitation project.
The tax credit was originally created in 2010 during the height of an economic recession. The tax credit was one method to stimulate building projects.