Tax credits are available to restore and transform structures into income-producing properties.
State Rep. Rob Matzie is encouraging eligible people and businesses to apply for a new program that offers tax credits to restore historic structures and transform them into income-producing properties.
"I am encouraging anyone who thinks they may be eligible to apply for this program," Matzie, D-Ambridge, said in a news release.
"As a member of the Pennsylvania Historical and Museum Commission, I know that these remnants from our past can still serve us well as we head into the future. There are many historical sites right here in Beaver and Allegheny counties, and I hope that many of them are eligible and will take advantage of this program."
The Pennsylvania Historic Preservation Tax Credit Program, which will be awarded through the Department of Community and Economic Development, is open to any individual, corporation, business trust, limited liability company, limited liability partnership or any other form of legal business entity.
The total tax credit awarded to any qualified taxpayer will not exceed $500,000 in any fiscal year, and the total amount the commonwealth will issue will not exceed $3 million.
"Preserving historic sites is a noble pursuit," Matzie said. "But preserving these sites while also ensuring that they have a continued role to play in our communities, as this program does, is a novel effort that I support, and I am hoping our communities will as well."
Interested parties can begin submitting applications on Thursday, May 1 through the DCED’s website.
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"As a member of the Pennsylvania Historical and Museum Commission, I know that these remnants from our past can still serve us well as we head into the future. There are many historical sites right here in Beaver and Allegheny counties, and I hope that many of them are eligible and will take advantage of this program."
The Pennsylvania Historic Preservation Tax Credit Program, which will be awarded through the Department of Community and Economic Development, is open to any individual, corporation, business trust, limited liability company, limited liability partnership or any other form of legal business entity.
The total tax credit awarded to any qualified taxpayer will not exceed $500,000 in any fiscal year, and the total amount the commonwealth will issue will not exceed $3 million.
"Preserving historic sites is a noble pursuit," Matzie said. "But preserving these sites while also ensuring that they have a continued role to play in our communities, as this program does, is a novel effort that I support, and I am hoping our communities will as well."
Interested parties can begin submitting applications on Thursday, May 1 through the DCED’s website.
Sign up for our weekly newsletter. Like Ambridge Connection on Facebook. Follow us on Twitter.
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