On February 20, 2019 the QQA, Preserve Arkansas, and other supporters will host a legislative reception at Curran Hall. This biennial reception gives preservationists from throughout the state an opportunity to connect with legislators and administration officials to advocate for historic preservation during the legislative session.
In this upcoming legislative session, we have proposed a modification to the state’s historic rehabilitation tax credit. Our proposal would lower the minimum expense threshold for non-income producing properties to qualify for the tax credit from $25,000 to $5,000.
QQA Executive Director, Patricia Blick, said in an article published the Arkansas Times that “this change will assist historic homeowners with basic repair and maintenance projects, like roof repair or replacement, upgrading their electric, even repair or replacement of their HVAC systems; necessary property maintenance whose costs simply do not rise to the current minimum level for the tax credits. By taking advantage of the tax credits and following the treatment standards, there is an assurance that the work will not diminish the historic integrity of the property or historic district.”
Working with our partners, we will monitor activity during the session and keep an eye on legislation that has the potential to impact historic resources.