Monday, July 20, 2009

Senate success for rehab tax credits!

Thank you to all who made calls on behalf of the expansion of the NYS tax credit for rehabilitation of historic properties! The legislation passed the state Senate in the very early hours of July 17 and we hope it will be headed to the Governor's desk for signature very soon.

Daniel Mackay of the Preservation League of New York State notes that "this legislation represents a significant advance for the program, and will allow us to focus our advocacy completely on the issues the NYS Department of Tax & Finance has with credit allocation."

Stay tuned for updates as we hear when the legislation moves ahead - we may need one more round of phone calls!

Posted by Katie Eggers Comeau, Director of Preservation Services


1 comment:

Anonymous said...

Excellent News!