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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.

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