Last-Minute Lobbying Rescues RI's Historic Tax Credit Program

An historic property redevelopment tax credit is spared from moratorium.
June 29, 2004, 5am PDT | Chris Steins | @urbaninsight
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The House Finance Committee recommended placing a moratorium on the program, essentially because it has been a greater success than its originators expected. More developers than anticipated had applied for the Commercial Historic Tax Credit Program causing legislators to worry about its cost. In the end, legislators agreed to hold off on any action until the economic impacts of the tax credit can be more fully examined.

Thanks to John Flaherty

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Published on Friday, June 18, 2004 in Pawtucket Times
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