Bills would extend historic tax credit

Tom Hanson spoke with Finance & Commerce about the strong bipartisan support in the Minnesota Legislature in the efforts to extend the Historic Tax Credit. The Historic Tax Credit is set to expire in June, but given its effectiveness, there has been a push from developers, contractors, community partners and others to extend the tax credit another 5 years or to make the tax credit a permanent fixture in the state’s tax code.

“Not only do we have broad bipartisan support, but we have labor and industry support as well,” Tom said. “It’s not always easy to get labor and business together on the same issues, but we have strong support, which is positive.”