4.0 HPSR 04-14-2005 - Laserfiche WebLink

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Preservation Alliance of Minnesota "... to preserve, protect and promote Minnesota's historic resources" Directors Chair Roger Randall - Minneapolis Vice Chair Linda Donaldson - Minneapolis Secretary Laura Faucher- Minneapolis Tr2a3UfEf Daniel Hogan, CPA - Bloomington Jack Bowman - Duluth Amy Fistler - St. Paul Tom Hagen - Waseca Virginia Housum - St. Paul Marilyn Kingman - Wayzata Michael Logan - Minneapolis Ann Meyer- Minneapolis Charles W. Nelson - Minneapolis Will Stark - Saint Paul Patricia A. Trocki - St. Louis Park Lyssa T. Washington Minneapolis Mary Lethert Wingerd St. Paul MN Advisors to the National Trust for Historic Preservation Roger Brooks, Ph.D. - Saint Paul Carolyn Sundquist - Duluth Honorary Director Richard T. Murphy, Sr. - Saint Paul March 18, 2005 Dear Partners in Preservation: The Preservation Alliance of Minnesota and its coalition of advocates are pleased to announce that important bills affecting Minnesota's historic resources have been introduced in the Minnesota legislature. The Minnesota Historic Structure and Community Re-Investment Tax Credit (Senate File 1659/House File 1731) will provide a significant tax incentive for the rehabilitation of homes, Main Street businesses, utid other historic stt actur~s throughout tre state. The bills provide fora 25% state income tax credit for qualified rehabilitation of historic buildings, including private residences. Where applicable, this can be paired with the federal 20% tax credit, providing a major incentive for property owners to rehabilitate their buildings using historically appropriate methods. Tax credits are one of the most effective tools for encouraging preservation activity. The enclosed materials provide greater details. We need your help in the following ways: 1. Have your Heritage Preservation Commission, City Council, local Chamber of Commerce or business association pass the enclosed resolution supporting the need for the credit at its next meeting. Be sure to send a copy of the resolution to the Alliance as well as to your legislators. 2. Provide the enclosed press release and other materials to your local media, and follow-up with them to convey the positive impact that this tax incentive could have on your community (specific examples of potential local projects would be even better), and 3. Contact your state representative and senator to let them know of the importance of the legislation, including the positive impact. it would have on your community when underutilized buildings have been rehabilitated. 4. Call, email, or write to tax committee members to encourage their support for the legislation (see attached). We appreciate your support and participation in this effort to help pass this important piece of legislation. Sincerely, Magazine Editor .Bob Glancy - . - .: . ` Minneapolis Will Stark office vo~uriteer Advocacy Committee'Chair Marvel Anderson - Rush City 219 Landmark Center 75 West Fifth Street Saint Paul, MN 55102