Vermont’s Downtown and Village Center tax credit program is one of the primary benefits of Downtown and Village Center designation, and supports revitalization seen in community centers across the state.
In 2016, $2,200,000 in state income tax credits are available to projects that enhance the historic character and improve building safety of older and historic commercial buildings in these designated communities. The credits support general rehabilitation work, code compliance work, data and network wiring, and exterior improvements, and may be combined with the federal program.
Applications for the next round of tax credits are due Friday, July 1, 2016 by 4:30 pm and the Vermont Downtown Board will make is allocation decisions when it meets July 25, 2016.
The application is now available on our website. Applications can be submitted electronically to [email protected] or to:
State of Vermont
Division for Community Planning & Revitalization
One National Life Drive
Davis Building, 6th Floor
Montpelier, VT 05620-0501
Please feel free to call or e-mail if you have any questions regarding the application or the program itself.