The Patrick County Chamber of Commerce will present a workshop to introduce historic tax credits on Tuesday, Nov. 17 starting at 10 a.m. This event will be virtual due to COVID restrictions. Registrants will receive a Zoom meeting link after registering. Participants may attend all of the presentations or pick and choose the ones that are right for you.
This workshop intends to educate property owners in designated Historic Districts about the federal and state tax credits for rehabilitation of historic properties.
Speakers include topic experts in architectural history, development, finance, and accounting, as well as Virginia Department of Historic Resources staff.
The event will include an overview by Michael Pulice, of the Department of Historic Resources, about what tax credits are and how the application process works. Architectural Historian Alison Blanton, of Hill Studio, will show where tax credits have been used on projects. Developer Dave McCormack, of Waukeshaw, will discuss how the numbers work in a project. Financial information will be provided by Michael Locher, a certified public accountant with Harris, Harvey, Neal & Co., LLP, and by Dawn DeHart, Community Development Lender with Carter Bank & Trust.
The ability to make use of tax credits is a benefit of being a contributing building in an Historic District. Historic properties located in the district may be eligible to receive tax credits if the owner chooses to rehabilitate the property.
The workshop is open to all property owners, real estate agents, economic and community development leaders to learn more. The cost of this virtual workshop is free for residents of Patrick County, and non-residents is $20.