Legislators to consider tax code's ...

Legislators to consider tax code's import on rehabilitation

House and Senate bills would liberalize requirements for rehab tax benefits business over the rapidly falling number of certified historic rehabilitations has proceeded in pending federal legislation that would turn topsy-turvy the tighter limitations imposed in succession historic rehab tax credits by way of the Tax Reform Act of 1986 These limitations are widely viewed as the major cause for the decline.

Although federal tax incentives for historic rehabilitation originated in 1976 little use was made of them until 1981 when the value