Measuring green benefits of state tax credit
2009 June 30
Recently published findings in Maryland show that the historic rehab tax credits help save more than just buildings. Tax credit-driven preservation projects in Maryland have kept 387,000 tons of material from landfills, and preserved an estimated 1,053 acres of greenfields that otherwise might have been lost to sprawl development. Plus, vehicle travel to and from tax credit projects is 30 to 40 percent less than it would be to sprawl locations, with related greenhouse gas reductions.
This and related reports devoted to Historic Preservation and Climate Change are available. Menawhile, the proposed NJ state historicrehabilitation tax credit still languishes in the legislature.
Help Preservation New Jersey advocate for a state tax credit!
