Senator Kirk Schuring (District 29) is introducing legislation that will create a 25 percent tax credit for the restoration and rehabilitation of Ohio's vacant and underutilized historic buildings. The tax credit will encourage private investment in historic properties, generate additional jobs and stimulate economic development within existing communities. Additionally, this credit should spur greater investments in smaller commercial projects and Main Street commercial properties of older neighborhoods - particularly where there is a critical need for community revitalization. Further, the bill has the potential to help local areas meet their air quality goals by investing in thoughtful land use. The bill was developed in close collaboration with Greater Ohio and Heritage Ohio as well as developers, tax credit users, and the financing community. Action needed: Click here for talking points to make the case for the "state investment tax credit." Contact your State Senator (find your senator here) about co-sponsoring the state investment tax credit bill. Ask your Senator to please contact Senator Schuring's office at 614-466-0626 by Friday, February 11, 2005.
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