Maine seeks to preserve downtowns with tax credit program

ASSOCIATED PRESS • May 1, 2022

Maine lawmakers have extended a historic preservation tax credit to try to rehabilitate properties in downtown areas. The Maine Senate voted in late April to extend the sunset date for the Maine Historic Rehabilitation Tax Credit from 2025 to 2030. Supporters of the proposal said it would help with affordable housing as well as preservation of historic downtowns. The tax credit program provides incentives so businesses, property owners and developers can rehab and reuse historic buildings in the state that produce income.