NJ Historic Tax Credit bill reintroduced in 2010 legislature
The Historic Property Revitalization Act, to make New Jersey the 31st state to offer a powerful historic rehabilitation tax credit to spur job creation and desperately needed economic growth, has been re-introduced in the 2010 New Jersey Legislature.
Lead sponsors Sen. Barbara Buono (Middlesex) and Asym. Reed Gusciora (Mercer), long champions of the Historic Property Revitalization Act (HPRA), are heading efforts to get the legislation enacted, after several years of opposition from former NJ Governors. Now, with the need for private investment, skilled jobs and community revitalization greater than ever, and a new Governor who supported HPRA during the fall election campaign, the historic tax credit legislation is poised for success!
To learn more, visit Preservation New Jersey’s “Take Action” webpage. Ask NJ Assembly members and Senators to co-sponsor the bill (S659, A1851). And get involved: join the organizations and individuals advocating for the tax credit bill. Visit the New Jersey Heritage Development Coalition and keep up to date with the progress of this important economic stimulus legislation.