An amendment sponsored by Rep. J Kirk Schuring passed by both the House and the Senate was signed last week by Governor Kasich, this will streamline the Ohio historic tax credit process for some historic properties by allowing both a qualified lessee or fee simple owner structure to be eligible for Ohio historic tax credits. This change may reduce legal cost on some projects. Read the bill HERE (scroll down to section 149.311) Last week the Ohio Department of Development awarded $35.8 million in Ohio Historic Preservation Tax Credits to 18 owners planning to rehabilitate 44 historic buildings in 10 communities across the state. If you’d like to review the list click HERE
Select Page