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Ohio Historic Tax Credit Threatened

Thursday, June 11, 2015 - 7:00AM

The Ohio Senate yesterday proposed legislation that would place a moratorium on the Ohio Historic Preservation Tax Credit program. The proposal would prevent the Ohio Development Services Agency from issuing a rehabilitation tax credit certificate on or after July 1, 2015. Without a certificate, property owners are not be able to receive the state’s 25 percent historic tax credit. The legislative language was inserted into the Senate version of Ohio’s main operating budget for fiscal years 2016 to 2017 (Sub. H.B. No. 64).

Tune in to the June 16 Tax Credit Tuesday podcast to learn more.

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