How to take care of your pet fish


Take Credit for Heritage Restorations

For a long time heritage propertiesdilapidated. They can be applied to all
suffered from a bum rap. Investors werekinds of work on the building including,
reluctant to purchase a piece of the"architectural and engineering fees,
past because of the cost of dragging itsite survey fees, legal expenses,
into the present. Fortunately, in thedevelopment fees, and other
last few decades, older properties haveconstruction-related costs".
been rightfully recognized for theirIn a further effort to encourage folks
beauty and historical value and haveto restore heritage properties, the
become a hot commodity. Yes, there isMaryland Historical Trust administers
often work to be done on heritagethe state Heritage Preservation Tax
buildings, but there are also financialCredit program, which offers Maryland
incentives for restoring theseincome tax credits for 20 per cent of
properties to their former glory. Afterthe qualified capital costs. These
all, restorations create employment andcredits can be used towards interior and
the finished product is culturallyexterior rehabilitation, certain
significant, making it a draw forlandscaping projects, plumbing and
tourism and improving the quality of aelectrical upgrades, architectural fees
neighborhood over all.and more.
In fact, property owners in Maryland canIn addition, the Maryland Historical
benefit from potential federal, stateTrust offers low-interest rehabilitation
and local tax credits for improvementsloans to people who use the Heritage
and renovations. Maryland is seriousPreservation Tax Credit Program. This
about encouraging people to restoreloan can be used to acquire, restore or
historic homes or income-producingrehabilitate property making it easier
buildings. If you don't live in Marylandfor you to do more with less.
don't worry - the state credits have noWithin Maryland, many counties and
residency requirements, making it anmunicipalities also offer property tax
equal opportunity investmentcredits and/or a freeze on tax
opportunity. If you have a heritageassessments (for up to ten years) to
property outside of Maryland you mayencourage people to rehabilitate
still be eligible for the federalhistoric buildings. Again, these
program. With all of these incentives,programs apply to homes and
be sure to check the programincome-producing buildings designated as
requirements before starting any work.historic buildings.
Whether you are a home owner or aAlthough some (but not all) of these
long-term lease holder of an incomeincentives require you to maintain
producing certified heritage structure,ownership of your property for a time in
you can apply for a Federalorder to enjoy the full tax benefits,
Rehabilitation Tax Credit of up to 20you are significantly increasing both
per cent of a restoration. If yourthe appeal and the value of your home.
property has not been certified, you canWhen it does come time to sell, you will
apply to have it certified or takesee the fruits of your labor. In the
advantage of the 10 percent credit formeantime you can enjoy the beauty of
non-historic, non-residential buildingsyour heritage property, knowing that you
put in service before 1936. Thesehave helped preserve a piece of history
credits have been used to revitalizefor future generations to enjoy.
buildings that were seriously



1 A 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71