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Wisconsin places temporary moratorium on historic preservation tax credits

from BizTimes Media

Wisconsin's historic preservation tax credit, which under new legislation was increased from 10 percent to 20 percent of eligible expenditures at the beginning of the year, has been so popular with developers this year that state officials have decided to temporarily suspend the program to examine its fiscal impact on the state. The state's Department of Revenue and the Wisconsin Historical Society projected that $4 million in historic preservation tax credits would be allocated this year. But roughly halfway through the year the state has already authorized more than $35 million in historic preservation tax credits. more

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