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Rockland building renovation benefits from tax credits

ROCKLAND, Maine (NEWS CENTER6) -- Historic preservation groups say jobs have been created in Maine because of a tax credit program for historic renovation projects.

The groups are cheering a 10-year extension of the tax credit that was approved by the legislature last month. 449 Main Street in Rockland is the most recent building in Maine to be renovated under the tax credit. This credit allows the owners of a building to deduct a substantial amount of the cost of renovation from their taxes.  Read more...