News

Maine seeks to preserve downtowns with tax credit program

Maine seeks to preserve downtowns with tax credit program

Photo: clipart.com


Maine lawmakers have extended a historic preservation tax credit to try to rehabilitate properties in downtown areas.

The Maine Senate voted in late April to extend the sunset date for the Maine Historic Rehabilitation Tax Credit from 2025 to 2030.

Supporters of the proposal said it would help with affordable housing as well as preservation of historic downtowns.

The tax credit program provides incentives so businesses, property owners and developers can rehab and reuse historic buildings in the state that produce income.

Latest Headlines

9 hours ago in Local

Arrest made in shooting that left 1 dead, 1 injured in Penobscot County

Police Car

A Connecticut man is charged with murder for a shooting in Corinth that left one man dead and another injured.

13 hours ago in Local

New York man seriously injured after falling from top of moving bus on Maine Turnpike

A New York man fell onto the Maine Turnpike from the top of a moving bus.

18 hours ago in Sports, Trending

Ohtani is unanimous MVP for 4th time in winning NL honor as Judge edges Raleigh for 3rd AL accolade

Shohei Ohtani likes winning Most Valuable Player awards. He loves winning the World Series even more. The two-way Japanese star did both for a second season in a row for the Los Angeles Dodgers, earning his fourth career MVP on Thursday night while unanimously earning the National League honor.

1 day ago in Local

Rumford Police Arrest Repeat Offender for Check Fraud

Officers say 40-year-old Rex Allen Call, Jr. was arrested Thursday

1 day ago in Local

UMaine Police Issue Campus Warning in Domestic Violence Search

They say harassment was first reported Monday, but the case was elevated Thursday.