Trumbauer proposes preservation tax credit

A bill introduced by Councilman Chris Trumbauer, D-Annapolis, seeks to create a historic preservation tax credit that would cover up to 25 percent of an improvement project's cost by deducting that amount from an owner's property tax bill.

If the credit is adopted, Anne Arundel will join most of the state's major jurisdictions, including Montgomery, Prince George's, Howard, Calvert and Baltimore counties, which already have historic preservation tax incentives in place.

http://www.capitalgazette.com/news/government/ph-ac-cn-historic-tax-credit-0107-20160106-story.html

 

Volunteer Donate