The Ohio Development Services Agency recently released an annual report on the Ohio historic preservation tax credit program. The program, which is administered in partnership by the Ohio Development Services Agency, the Ohio Historical Society and the Ohio Department of Taxation, provides a tax credit to owners and long-term lessees of historic buildings to complete rehabilitation projects. The annual report found that in 2012 the state historic tax credit was responsible for rehabilitating 67 historic buildings while leveraging $780 million in total investment and ultimately contributing to nearly 5,400 construction jobs and 7,000 permanent jobs. In addition, the $327 million in tax credits that have been approved to-date are projected to leverage more than $2 billion in private investment and federal tax credits. The annual report also highlights several case studies of the completed projects in 2012.
Click here to read the report.
