PAWV
  • AmeriCorps
    • About Preserve WV
    • Preserve WV Stories
    • Preserve WV Members
    • Join AmeriCorps >
      • Open AmeriCorps Opportunities
    • Sponsor a Member
    • Preserve WV Alumni
  • Programs
    • Advocacy >
      • Historic Rehabilitation Tax Credits
    • Annual Awards
    • Blair Footsteps Interpretive Trail
    • Historic Masonry Workshop
    • Historic Wood Window Preservation Workshop
    • West Virginia Endangered Properties >
      • West Virginia Endangered Properties List >
        • Endangered Properties Blog
        • Saved Sites
        • Lost or Archived Sites
    • West Virginia Historic Preservation Conference
    • Webinars >
      • Webinar Archive
    • West Virginia Historic Theatre Trail >
      • Movie Theatres of West Virginia
    • WV New Deal Trail
  • Resources
    • Fund Your Preservation Project >
      • Historic Preservation Loan Fund
      • Saving Historic Places Grant
    • Consultants and Contractors
    • Preservation Techniques >
      • Historic Building Assessment
      • How to Recycle Asbestos
      • Mothballing Property
      • Window Rehabilitation
    • Frances Benjamin Johnston: A West Virginia Icon >
      • Selected Photos
      • Behind the Lens Activity
    • Historic Preservation Degrees
  • News
    • Preservation Spotlights
    • Monthly E-newsletter
  • Contact
    • About Us >
      • Our Team
      • Our Story
  • Give
    • Become a Member of PAWV
    • Give Online
    • Ways to Give to PAWV
    • #GivingTuesday
    • Volunteer

Historic tax credit bill passes

10/20/2017

0 Comments

 
The West Virginia House of Delegates and State Senate, during this week’s special session of the Legislature, passed House Bill 203 to increase the State Historic Tax Credit from 10 percent to 25 percent.

Gov. Jim Justice placed the bill on the Special Session agenda after consultation with legislative leadership and interested parties.

The Preservation Alliance of West Virginia, Abandoned Properties Coalition, US Green Building Council, W.Va. Chapter, W.Va. Community Development Hub, Wheeling Heritage, private developers, citizens, and municipalities joined together to create the Revitalize West Virginia Downtown Coalition.

That coalition developed a plan to increase the state historic tax credit to aid in economic development of the state and educate legislators on the importance of the historic rehabilitation tax credit.

Danielle LaPresta, executive director of the Preservation Alliance of West Virginia, said, “I am pleased that the Governor and legislature saw the potential of the historic tax credit to serve as a catalyst to revitalize West Virginia. This program will spark economic development throughout the state regardless of the size of the community.”

The governor is a strong ally of historic preservation in West Virginia, LaPresta said.

The 25 percent credit brings West Virginia to parity with neighboring states. Ohio, Pennsylvania and Virginia have a 25 percent state historic tax credit; Maryland and Kentucky have a 20 percent tax credit. This increase will encourage the rehabilitation of historic buildings and spur private investment, create jobs, and help rid the state of vacant and underutilized buildings. Studies have shown that the estimated return on the state’s investment is approximately 2:1. This means for every dollar of tax credit provided by the state, two dollars of additional state taxes and revenue will be created through investments.

Renee Kuhlman, director of Policy Outreach, Government Relations and Policy from the National Trust for Historic Preservation said, “With these improvements, state legislators are putting West Virginia’s heritage to work and encouraging investors to bring their dollars to the Mountaineer State. States that have improved their historic tax credits have doubled the use of the federal historic tax credit and have seen construction jobs increase because renovation is labor intensive.”

The Legislature passed the legislation with overwhelming support in both houses.

Mike Gioulis, PAWV Advocacy chairperson, speaking for the coalition, said: “The coalition would like to thank all of the legislators that voted in favor of the bill, including the sponsors, Speaker Tim Armstead, R, Kanawha, and Tim Miley, D, Harrison. We appreciate that Senate Majority Leader Ryan Ferns, R, Ohio, and Senator Glenn Jeffries, D, Putnam, spoke in favor of the bill. We also would like to thank Chairman Eric Nelson, Jr., R, Kanawha, for his leadership on this issue.”

The group also values the support and leadership of Justice as well as his staff. The West Virginia State Historic Preservation Office is developing standards and procedures to educate and promote the program to the public.

For more information relating to the historic tax credit program, contact Jennifer Brennan, State Historic Tax Credit Coordinator at 304-558-0240.

For additional information regarding this effort, contact the Preservation Alliance of WV Advocacy Chairman Mike Gioulis at 304-545-4881, or visit www.pawv.org and www.revitalizewvdowntowns.com.
0 Comments



Leave a Reply.

    News and Notes

    RSS Feed

    Categories

    All
    About
    Advocacy
    Awards
    Conferences
    Endangered Properties
    Excuse For An Excursion
    Federal Historic Tax Credit
    For Sale
    Funding
    Heritage Areas
    Heritage Tourism
    Historic Architecture
    Historic Preservation Funding
    Historic Preservation Programs
    Miscellaneous
    Newsletter
    Preservation Legislation
    Preserve WV AmeriCorps
    State Historic Tax Credit
    Trades
    Training
    WV Preservation Spotlight

    Archives

    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    September 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    May 2020
    December 2019
    November 2019
    October 2019
    September 2019
    July 2019
    March 2019
    February 2019
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012


    Subscribe to our mailing list to receive e-news updates on historic preservation news and events in West Virginia.
    Subscribe

Get Involved

  • Give Online
  • ​Volunteer
  • Join AmeriCorps 
  • ​Subscribe 
  • Kroger Community Rewards
  • Shop with Amazon Smile
  • Contact Us

Programs

  • January 2022 E-News
  • Saving Historic Places Grant
  • Preserve WV AmeriCorps
  • Advocacy
  • ​Preservation Awards
  • Endangered Properties List
  • Conferences
  • Historic Preservation Loan Fund
  • WV Historic Theatre Trail
  • WV Historic New Deal Trail


Contact Us

Preservation Alliance of West Virginia
​421 Davis Avenue, #4  |  Elkins, WV 26241
​Email: info@pawv.org
Phone: 304-345-6005
Donate with Crypto

Organizational Partners:
PAWV Logo
Picture
Picture
Picture
Picture
© COPYRIGHT 2022 - PRESERVATION ALLIANCE OF WEST VIRGINIA. ALL RIGHTS RESERVED.
  • AmeriCorps
    • About Preserve WV
    • Preserve WV Stories
    • Preserve WV Members
    • Join AmeriCorps >
      • Open AmeriCorps Opportunities
    • Sponsor a Member
    • Preserve WV Alumni
  • Programs
    • Advocacy >
      • Historic Rehabilitation Tax Credits
    • Annual Awards
    • Blair Footsteps Interpretive Trail
    • Historic Masonry Workshop
    • Historic Wood Window Preservation Workshop
    • West Virginia Endangered Properties >
      • West Virginia Endangered Properties List >
        • Endangered Properties Blog
        • Saved Sites
        • Lost or Archived Sites
    • West Virginia Historic Preservation Conference
    • Webinars >
      • Webinar Archive
    • West Virginia Historic Theatre Trail >
      • Movie Theatres of West Virginia
    • WV New Deal Trail
  • Resources
    • Fund Your Preservation Project >
      • Historic Preservation Loan Fund
      • Saving Historic Places Grant
    • Consultants and Contractors
    • Preservation Techniques >
      • Historic Building Assessment
      • How to Recycle Asbestos
      • Mothballing Property
      • Window Rehabilitation
    • Frances Benjamin Johnston: A West Virginia Icon >
      • Selected Photos
      • Behind the Lens Activity
    • Historic Preservation Degrees
  • News
    • Preservation Spotlights
    • Monthly E-newsletter
  • Contact
    • About Us >
      • Our Team
      • Our Story
  • Give
    • Become a Member of PAWV
    • Give Online
    • Ways to Give to PAWV
    • #GivingTuesday
    • Volunteer