Michigan Historic Preservation Network

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STATE ADVOCACY

Photo by State of Michigan, www.michigan.gov
Twenty-Four Reasons Historic Preservation is Good for Your Community (PlaceEconomics, 2020)

Michigan again has a historic preservation tax credit!

Thank you for your advocacy!

Public Act No. 343 of 2020
Public Act No. 343 Basic Information

Help Michigan Historic Preservation Network Reinstate the Michigan Historic Tax Credit for residential and commercial property owners.

Legislation to reinstate the Michigan Historic Tax Credit has been introduced in the State legislature in 2019. Senate Bill 54 (Sen. Wayne Schmidt), and House Bill 4100 (Rep. Ben Frederick), will reinstate the popular program and economic development engine that offered a credit of up to 25 percent of rehabilitation expenses against state income tax liability. The credit consistently proved to be a sound investment for Michigan, returning $9.58 for every $1 put into the program, but was eliminated with other incentives in 2011. Michigan is now one of only 13 states in the country that does not have a historic tax credit program, putting our state at a serious competitive disadvantage.

For a copy of the proposed legislation (current bills), additional information and to learn how you can help, visit MIIMPACT.COM.

MI Impact Coalition

The mission of the MI Impact Coalition is to help reinstate the Michigan Historic Tax Credit for residential and commercial property owners in our state. The coalition was founded by the Michigan Historic Preservation Network, and counts city leaders, developers, and preservationists among its numbers.