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.