Business & Economy

Historic Preservation Tax Credit seeks $100 million to provide ‘more equitable’ restoration across Michigan

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The Michigan Historic Preservation tax credit, signed into law in 2020, currently allows renovators of historic buildings across the state to apply to receive a portion of a $5 million pool of tax credits. But now, the Michigan Historic Preservation Network (MHPN) says that Michigan’s rehabilitation needs are 20 times that amount. 

Representative Joey Andrews (D-38) sponsored House Bill 54390, a resolution to expand the Michigan State Historic Preservation Tax Credits pool from $5 million to $100 million.