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Wednesday, March 10, 2010
O’Malley plan to expand heritage tax credit draws leaders’ concern
Annie Linskey ―
Baltimore Sun
The governor’s bid to expand a popular tax credit for rehabilitating old buildings faces resistance from key House leaders, who worry that a broader program would be too costly during tough fiscal times.
Gov. Martin O’Malley wants to loosen restrictions on the current heritage tax credit - which may now be applied only to historic buildings - so it may be used to fund renovations of newer structures located in densely developed areas.
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