RIPEC Announces Support for Historic Preservation Tax Credits
STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS
HISTORICAL PRESERVATION & HERITAGE COMMISSION
Old State House – 150 Benefit Street – Providence, RI 02903
Telephone 401-222-2678 Fax 401-222-2968
www.preservation.ri.gov
5/24/2012
The Rhode Island Public Expenditure Council has released its new evaluation of the RI Historic Preservation Investment Tax Credit program. RIPEC finds that the economic benefits of the tax credit may support the temporary reauthorization of the credit as a means to stimulate the state’s economy. The report expresses caution about new public expenditures, but concludes that historic rehabilitation projects have had positive effects on jobs and distressed communities.
The report is available at http://www.ripec.org/pdfs/2012-HSTC-Comments.pdf .
For more information about RIHPHC programs, please visit our web site at www.preservation.ri.gov.
