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STATE HISTORIC TAX CREDIT PROPOSED IN NEBRASKA

Tuesday, January 15, 2013 - 8:00AM

Nebraska State Sen. Jeremy Nordquist yesterday introduced a bill that would create a state rehabilitation tax credit for historic, income-producing properties in Nebraska. L.B. 191, the Nebraska Job Creation and Mainstreet Revitalization Act, would provide a 20 percent tax credit for rehabilitation projects that cost $10 million or less, or a 10 percent credit for projects that cost more than $10 million. The tax credit would be administered by the Nebraska State Historical Society.
 

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