St. Johnsville- Free Presentation on Historic Tax Credits- 3/27
The Office of Parks, Recreation and Historic Preservation and the Preservation League of NYS will offer a free presentation in St. Johnsville to educate on how to take advantage of New York’s Historic Rehabilitation Tax Credits.
Two sessions will be offered (attend one or both):
Commercial Session (3-5 p.m.): For those looking to get more information on the Commercial Historic Tax Credit. If you are a commercial property owner, realtor, contractor, community leader, or and anyone who wants to learn about new opportunities for community reinvestment, attend this session to find out how to save money while making repairs to older buildings.
The NYS Historic Commercial Properties Tax Credit will cover up to 20% of qualified rehabilitation costs up to a credit value of $5 million.
Homeowner Session (6-8 p.m.): For homeowners or prospective homeowners looking to learn more about the Homeowner Historic Tax Credit.
The NYS Historic Homeowner Rehabilitation Tax Credit will cover 20% of qualified rehabilitation costs of structures, up to a a credit value of $50,000.
Each presentation will begin with an overview of services provided by the Preservation League of NYS, followed by the Office of Parks, Recreation and Historic Preservation who will review the basic guidelines of each of the historic tax credit programs and answer questions on the application process.
A total of (2) HSW credit hours of continuing education are available at this session for registered architects in NYS.
“The federal and New York State Historic Tax Credit programs have emerged as signature economic development tools for the revitalization of vacant and underutilized historic buildings throughout the state,” said Daniel Mackay, Deputy Commissioner of the NYS Division for Historic Preservation. “New York is now the national leader in the use of the credits, posting investments in the billions, with more than half of that coming from upstate. We are so pleased to administer this program that has played a significant role in the recent revitalization of many of our state’s historic downtowns and Main Streets.”
Please review basic program requirements by visiting http://nysparks.com/shpo/tax-credit-programs or contact the New York State Office of Parks, Recreation and Historic Preservation at 518-237-8643. Eligibility information will also be available at the presentation.
RSVP below or contact Christina Hingle for more information.