Posts Tagged ‘state historic tax credits’

Jobs, Revenue & Revitalization: The MHRTC

EKelly | October 26th, 2011 | No Comments »

Preservation Massachusetts has just released our updated economic review of the Massachusetts Historic Rehabilitation Tax Credit Program: Jobs, Revenue and Revitalization. This is the second edition of our economic update on the effectiveness and impact of this important program. Since April, 2004, this credit has demonstrated the economic benefits of historic preservation while revitalizing our neighborhoods, preserving the historic fabric of our Commonwealth and reenergizing our communities.

With great foresight the Massachusetts Legislature enacted the State Historic Tax Credit by adding it to an economic stimulus act. Since then credit has given back to Massachusetts through private investment, job creation and tax revenues. The program’s steady growth over the past seven years prompted a coalition of organizations, led by Preservation Massachusetts, to quantify the credit’s impact on Massachusetts,

Download a PDF copy today or contact Preservation Massachusetts’ office for information on how to receive a print copy.
The MHRTC: Jobs, Revenue & Revitalization

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Court Decision Threatens to Decrease the Value of State Historic Tax Credits

EKelly | May 12th, 2011 | No Comments »

A recent decision by the U.S. Court of Appeals for the Fourth Circuit in Virginia threatens to decrease the value of state historic tax credits, and undermines the financing of landmark historic preservation projects nationwide. Now, with the future of state historic tax credits—in Virginia and elsewhere—at stake, the National Trust for Historic Preservation is joining its preservation partners in the Fourth Circuit and nationwide in calling for the Court of Appeals to reconsider this ruling.

Learn more about the Virginia ruling on Preservation Nation and read the National Trust’s response.

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