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Tuesday, November 30, 2021
New program will help support place-based projects while promoting the preservation of Michigan’s historic resources
LANSING, Mich. – The Michigan State Historic Preservation Office at the Michigan Economic Development Corporation announced today it is holding a public hearing for the current draft rules on the new State Historic Tax Credit Program on Friday, Dec. 10 at 10 a.m. in Lansing.
The current draft rules are a revised version of the rules previously presented to the Michigan Strategic Fund board in May of 2021 and made available to the public for initial comment in June 2021. The draft rules for the new State Historic Tax Credit Program, as signed into law by the Governor on December 30, 2020, will help support place-based projects while promoting the preservation of Michigan’s historic resources in communities throughout every county of the state.
“The new State Historic Tax Credit Program will assist in the revitalization of Michigan’s historic resources, resulting in vibrant, unique places where people want to live, work, visit, and play,” said Michigan’s State Historic Preservation Officer Mark A. Rodman. “We encourage all interested Michiganders to submit their comments on the current rules either in person or in writing by the day of the hearing.”
The hearing will take place at the Michigan Economic Development Corporation building in the Lake Michigan Room, 300 North Washington Sq., Lansing, MI 48913.
Public comments on the current draft rules will be accepted in person during the hearing or may be made in writing via email or in hard copy. Emailed comments must be sent to firstname.lastname@example.org. The subject line should include Draft Rules Comments.
Hard copy comments can be mailed to Robbert McKay, State Historic Preservation Office, 300 North Washington Sq., Lansing, MI 48913. Comments must be received no later than 5:00 p.m. EST, Friday, Dec. 10, 2021.
Completing the rules will allow the SHPO team to submit the rules for final legislative approval and legal certification, with the goal of this program being ready to launch by mid-2022. Learn more about the new program and find answers to frequently-asked questions at www.miplace.org/historic-preservation/programs-and-services/historic-preservation-tax-credits/.
The new State Historic Tax Credit Program will help support place-based projects while promoting the preservation of Michigan’s historic resources. Eligible properties must be listed in the National Register of Historic Places, the State Register of Historic Sites, or be in a local historic district, and either be individually listed or contribute to a listed district. The credit has a $5 million cap per calendar year.
To learn more about the State Historic Tax Credit Program, visit here. The full Public Act can be reviewed by visiting here.
About the State Historic Preservation Office
Focused on the historic preservation of culturally or archaeologically significant sites throughout the state, Michigan's State Historic Preservation Office’s main function is to provide technical assistance to local communities and property owners in their efforts to identify, evaluate, designate, interpret and protect Michigan’s historic above- and below-ground resources. SHPO also administers an incentives program that includes federal tax credits and pass-through grants available to Certified Local Governments.
To learn more about the State Historic Preservation Office and the Certified Local Government program, visit https://www.miplace.org/historic-preservation/.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.
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