Wednesday, February 28, 2007

Preservation Alliance pushes for tax credit
The Preservation Alliance of Minnesota is asking state legislators to adopt the Minnesota Historic Rehabilitation Tax Credit, which would allow owners of historic properties to receive a 25 percent income tax credit on appropriate renovations. Bonnie McDonald, Preservation Alliance executive director, is optimistic the bill will survive floor votes in the House and Senate. But she's less sure about a gubernatorial signature. "It was not included in the governor's budget," she wrote in an e-mail. "However, we understand there is support ... amongst the governor's staff and advisors." Twenty-nine states have adopted similar credits. A list of legislators and groups supporting the measure is available at the Preservation Alliance website.

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