JFC votes to up amount of credits under historic rehabilitation program

Joint Finance Committee members voted 14-1 to boost the historic rehabilitation credit to $3.5 million per project starting July 1, instead of $500,000.
Only Sen. Duey Stroebel, R-Saukville, voted against it, while Sen. Jon Erpenbach, D-Middleton, was out sick and did not vote.

The state program, which is a supplement to the federal credit, can equal up to 20 percent of expenses to rehabilitate certified historic structures.

The Legislature tried in the budget to raise the cap on the credit per project to $5 million from $350,000. But the guv vetoed it down to $500,000, and that change is s...

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