The Patrick County Chamber of Commerce will host a “Historic Tax Credits 101” Virtual Workshop
Stuart, Virginia- The Patrick County Chamber of Commerce has arranged a workshop to introduce historic tax credits on Tuesday, November 17th starting at 10:00 am. This event will be virtual due to COVID restrictions. You will be sent the Zoom meeting link after registration. You can attend all 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 to rehabilitate their 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, staff with 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. This 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 $20.00. For more information to register, please contact the Patrick County Chamber of Commerce’s office at 276-694-6012. Or visit. www.patrickchamber.com