Growing support for extending tax credit to fix Minnesota s historic buildings Both sides at State Capitol see merit in extending tax break set to expire June 30. April 23, 2021 4:00pm Text size Copy shortlink:
Minnesota s divided Legislature is worlds apart on many tax proposals this session, but both parties are coming together behind the scenes around a little-known provision to rehab the state s crumbling historic buildings.
The DFL-led House and Republicans in the Senate both support extending Minnesota s historic rehabilitation tax credit, which is set to expire on June 30. First created a decade ago to help generate jobs after the Great Recession, the credit is needed again, advocates of extending it say, as Minnesota reckons with the economic toll of the COVID-19 pandemic.
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