The tax credit Minnesota developers use in the rehabilitation of historic buildings is set to expire this summer, but a new bill would extend its life by eight years.
The extension of the state’s historic tax credit is included in the House’s tax omnibus bill, which was introduced Monday. Supporters of the bill are hopeful an extension will be achieved but hold concerns around the upcoming Senate version of the bill.
The Minnesota Historic Structure Rehabilitation Tax Credit provides a 20% tax credit for qualifying expenses related to the development of a certified historic building. The project must retain specific features of the structure, as well as produce income to qualify.
Minnesota
United-states
University-of-minnesota
Hanafin-berg
Chris-sherman
Erin-hanafin-berg
Senate-republicans
University-of-minnesota-extension
Sherman-associates
Minnesota-extension
Minneapoli-riverside-plaza
மினசோட்டா
BusinessDen.com, a BizWest news partner.
WESTMINSTER local burger chain is tapping into the Westminster market.
Tap & Burger, owned by Juan Padro of Culinary Creative restaurant group, plans to open a new 4,000-square-foot location at 8810 Westminster Blvd. later this year.
“A lot of people are moving to Westminster, and I think we’re going to see a lot more of that as housing becomes more expensive in Denver and pushes people out to the suburbs,” Padro said. “Westminster’s becoming attractive because of the train, and they’re building this new downtown, which already has Alamo Drafthouse there and will include Tattered Cover.”
Colorado
United-states
Boston
Massachusetts
Boulder
Sloan-lake
Cherry-creek
Israel
Denver
Israeli
Juan-padro
Daniel-asher