Tax Credits Available For Restoring Historic Properties

Owners of historic homes and businesses in Hancock County turned out Tuesday to learn more about the tax incentive programs available. Representatives from the Mississippi Department of Archives and History explained to residents how to apply for the preservation program.

The goal is to help property owners save as many storm damaged historic buildings as possible.

"There is a 26 percent federal tax credit with the Internal Revenue Service for historic properties which renovate and repair the storm damage for income producing properties - which is everything from commercial buildings and home offices in your historic house. There is a state tax credit of 25 percent for everybody, homeowners and businesses, for the restoration of historic properties," Barbara Bacot with the Mississippi Department of Archives & History said.

The preservation workshop heads to Jackson County Wednesday afternoon. It will be held at 1:30 at the Pascagoula City Hall. If you can't be there, you may contact the State Department of Archives and History at (601) 576-6940 for more information.