Restoration tax credits for revenue producing properties replenished with $60 million from Legislature. 


Restorations and conversions of historic buildings across Mississippi stalled when the state ran out of historic tax credits are back in motion with the Legislature’s $60 million replenishment of the credits.

The $60 million allocation is for five years and limits the state credits to $12 million annually. Unlike the initial $60 million allocation in 2006, the new round of credits excludes non-revenue producing residential properties.

Restoring the money comes as a relief to the Mississippi Heritage Trust, which in October listed the preservation credits among the state’s 10 Most Endangered Places along with such historic structures as the French Hotel in Senatobia, Margaret’s Grocery in Vicksburg and Phoenix Naval Stores Office in Gulfport.

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