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Notice of Agency Rule-making Proposal
Agency: Maine Historic Preservation Commission
Concise Summary (understandable by average citizen):
Taxpayers are eligible to receive a tax credit on qualified expenditures relating to the rehabilitation of historic structures in Maine. In order for such expenditures to qualify for the credit, both the rehabilitations and the historic structures must be certified by the Maine Historic Preservation Commission. This rule establishes the procedure to certify that: 1) rehabilitations of historic structures are consistent with the United States Secretary of the Interior's Standards for Rehabilitation; and 2) historic structures undergoing such rehabilitations are listed in or are eligible for listing in the National Register of Historic Places or are in certified local districts. A certified qualified rehabilitation expenditure means a qualified rehabilitation expenditure, as defined by the federal Internal Revenue Code, section 47(c)(2), made between January 1, 2008 and December 31, 2013 and used in the certified rehabilitation of a certified historic structure.
This rule will not have a fiscal impact on municipalities.
Statutory Authority: 27 MRSA §511
Agency contact person for information on this rule, including a statement of impact on small business if relevant:
Contact person's name: Mike Johnson
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