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The original item was published from 9/12/2019 2:54:59 PM to 9/26/2019 12:00:02 AM.

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Muscatine News

Posted on: September 12, 2019

[ARCHIVED] Historic Home Tax Credit program to be held on September 24

Historic Home Tax Credit 101 for 2019 (JPG)

MUSCATINE, Iowa - The Muscatine Historic Preservation Commission and Friends of Muscatine Historic Preservation would like to invite any interested local resident or property owner to attend a presentation on the historic tax credit programs available for the rehabilitation of historic properties.  Rebecca Lawin McCarley of SPARK Consulting in Cedar Rapids will present “Historic Tax Credits 101” at 7:30 p.m. on Tuesday, September 24, in the third floor meeting room at the Musser Public Library.


Properties that are listed on the National Register of Historic Places (NRHP) individually or as contributing buildings in a historic district are eligible for historic tax credits that reimburse a property owner for a percentage of qualified rehabilitation expenses.  Muscatine includes two large historic districts, the Downtown Commercial Historic District designated in 2006 and the West Hill Historic District designated in 2008. In addition, a nomination for a proposed Fair Oaks Historic District is currently in process.  Elsewhere in the county, the West Liberty Commercial Historic District in downtown West Liberty was listed on the NRHP in 2001, and the Wilton Downtown Historic District was listed in 2016.  Scattered individual properties are also listed on the National Register of Historic Places throughout Muscatine and Muscatine County.


The seminar will be presented by Rebecca Lawin McCarley of SPARK Consulting in Cedar Rapids.  She has worked on historic preservation projects in Muscatine since 2004 and in broader Muscatine County since 2013, as well as in several other communities throughout eastern Iowa.  The seminar will include information on the important role of historic preservation in a community, a brief outline on the National Register of Historic Places, and focus primarily on the historic tax credit programs.


The emphasis will be on Iowa’s historic tax credit program, which provides a 25% refundable state income tax credit of qualified rehabilitation expenses for a project involving any property listed on or eligible for the National Register of Historic Places.  Residential, commercial, and other non-commercial properties qualify for this program.  General information will also be presented on the federal historic tax credit program, which provides an additional 20% federal tax credit for income-producing properties (such as commercial or rental properties) listed on the National Register of Historic Places.  Information will also be presented on other financial incentive programs.


The historic tax credits presentation at 7:30 p.m. on Tuesday September 24 will follow the public meeting on the proposed Fair Oaks Historic District slated for 6:30 p.m. at the Musser Public Library as well.  Anyone interested in information on the Fair Oaks Historic District or the National Register of Historic Places is encouraged to also attend this earlier meeting.


The seminar is free for any member of the public to attend.  Anyone interested in learning more about historic preservation and historic tax credits is encouraged attend this informative session.  For additional information, contact Rebecca Lawin McCarley at 319-200-9767 or Jodi Royal-Goodwin at 563-262-4141.

Press Release (PDF)
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