Historic Preservation Public Policy

Minnesota State Senator: Historic Tax Credit Needed to Create Jobs

by Michael R. Allen

Yesterday’s issue of the Minneapolis Star-Tribune carried a commentary by State Senator Tom Bakk. Bakk’s commentary focused on ways to get Minnesotans back to work. Among his ideas is a state historic rehabilitation tax credit.

Writes Senator Bakk:

A historic building rehabilitation tax credit would create jobs immediately, spur economic development in our communities and help develop affordable housing — not to mention preserve some of our state’s most beautiful heritage.

Missouri legislators should be pleased that a state often cited as more progressive than us wants to emulate one of our economic development incentives.