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WEDC partially lifts historic tax credit moratorium

The state will start handing out tax credits, to projects that involve certain historic buildings.

The Wisconsin Economic Development Corporation put the program on hold three weeks ago, when the total number of approved credits topped $35 million. The state budgeted $4 million.

WEDC spokesman Mark Maley says the moratorium will remain in place for non-historic buildings that were built before 1936. But he says they're available for buildings that have a historic designation, from the state or federal government.

He says they don't have a timetable for making a decision, on the non-historic building credits.

Maley says 60 percent of the approved projects were for buildings with a historic designation.

posted : July, 14th by WHBY


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