Skip to content

Maryland Governor proposes expanded historic tax credit; sees investment going to other states

February 9, 2009

Citing evidence that developers who specialize in historic rehab projects have focused their work in states that have more generous historic rehab tax credits,  Maryland Governor Martin O’Malley recently proposed reauthorization of the state’s historic tax credit as part of his “green, smart and growing” legislative agenda, according to an article in the Baltimore Sun. He called it “one of our state’s strongest and most valuable tools” for redeveloping existing communities and one that benefited Baltimore greatly while he was mayor.

Visit the NJ Heritage Development Coalition blog for the rest of the story about an administration that sees the value of investing in historic preservation in tough economic times.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: