Nov. 20, 2017
FAIRMONT, W.Va. - The West Virginia State Historic Preservation Office (SHPO) will present a training session on the Historic Rehabilitation Tax Credit program at the Fairmont Public Safety Building, 500 Quincy Street, on Monday, Nov. 27 at 5:30 p.m. The program is being hosted by the Fairmont Historic Landmark Commission. The session is free and open to the public.
The training session will include a presentation on the changes to the tax credit program that were passed by the West Virginia State Legislature in October. Those changes include an increase from 10 percent to 25 percent in the Commercial Historic Rehabilitation Tax Credit. Participants at the training session will learn about additional changes made to the tax credit program, new requirements for the program and an explanation of the program’s financial incentives.
“The changes to the Historic Rehabilitation Tax Credit program will become effective in January 2018 and will be significant for anyone considering the use of the program in historic rehabilitation, especially for commercial applications,” said Jennifer Brennan, tax credit coordinator for the West Virginia SHPO. “We want to be certain that we share as much information as we can to help people decide if and how the program can work for them.”
For information about the training, contact Brennan at (304) 558-0240 or [email protected].
The West Virginia Division of Culture and History is proud to be able to present its programs at no charge to the public, but without a solution to the state’s budget situation, this could be the last year that programs of this type could be offered. The division, led by Commissioner Randall Reid-Smith, is an agency within the Office of Secretary of Education and the Arts with Gayle Manchin, cabinet secretary. It brings together the past, present and future through programs and services focusing on archives and history, arts, historic preservation and museums. For more information about the division’s programs, events and sites, visit www.wvculture.org. The Division of Culture and History is an Equal Opportunity/Affirmative Action Employer.