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Combining state and/or federal historic tax credits with the federal New Markets Tax Credit is also a possibility if the project is located in a low-income census tract. Syndicating historic tax credits can be a significant advantage for developers, especially those who do not have sufficient tax liability to claim the tax credits themselves.
The $4.7 million project received $520,000 in state historic tax credits. The Edna will be the latest of several renovated and new buildings in the neighborhood on the east side of Interstate 71 ...
The Texas Historical Commission preserves and operates 39 state historic sites across Texas. These unique places honor the past and inspire an understanding of what it means to be a Texan. From American Indian sites to frontier forts to common and elegant homes and the leaders and statesmen who lived in them, these sites enrich people's lives ...
Kashmir Hill was born and raised in Florida, and earned degrees from Duke University and New York University where she studied journalism. [citation needed] Prior to joining the New York Times in 2019 Hill wrote for Gizmodo Media Group, Fusion magazine, Forbes, and Above the Law. Her writing has appeared in The New Yorker and The Washington Post.
The Swisher Complex at 115 and 121 E. Main St. in Somerset received $130,000 in tax credits earlier this year for the $1.3 million project. It was constructed in 1880 as a law office and was later ...
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The benefits historic tax credit programs to state budgets have been often controversial, but there are many indirect economic benefits to local communities. [ 3 ] The property tax value of a restored mill it typically about ten times greater than the existing underutilized mill building, and there is also the added benefit of many construction ...
Recorded Texas Historic Landmark (RTHL) is a designation awarded by the Texas Historical Commission for historically and architecturally significant properties in the U.S. state of Texas. RTHL is a legal designation and the highest honor the state can bestow on a historic structure.