A recent federal report ranks Vermont the top state in per capita use of Federal Historic Tax Credits to rehabilitate historic buildings and 10th in the nation overall – rising from 12th overall last year. A total of 34 rehabilitation projects with a total construction value of more than $23 million received $4.6 million in federal tax credits in the last fiscal year.
State officials credit the decision several years ago to require those seeking state historic Downtown Tax Credits to first get Federal Historic Tax Credits with putting Vermont to consistently within or just outside the top ten states nationally for use of the credits, despite its small size. [Read more…] about Vermont Ranks 1st In Federal Historic Tax Credits