HomeMy WebLinkAboutResolutions - 2018.03.08 - 23353MISCELLANEOUS RESOLUTION #18074
BY: Commissioners Tom Middleton, District #4; Helaine Zack, District #18;
IN RE: BOARD OF COMMISSIONERS — SUPPORT SENATE BILLS 469 — RESTORATION OF THE
HISTORIC PRESERVATION TAX CREDIT PROGRAM
To the Oakland County Board of Commissioners
Chairperson, Lathes and Gentlemen:
WHEREAS for more than 40 years, Public Act 169 of 1970, Michigan's Local Historic District Act, has
declared historic preservation a public purpose to safeguard a community's heritage, strengthen local
economies, stabilize and improve property values, foster civic beauty and promote history; and
WHEREAS the Oakland County Historical Commission dedicates its historical preservation efforts to
these shared values enabled through PA 169 of 1970, as amended in 1992; and
WHEREAS PA 38, 39, and 40 of 2011amended the Income Tax Act, the Michigan Business Tax Act, and
the Multistate Tax Compact, respectively, to eliminate a number of credits, deductions, and exemptions;
and
WHEREAS the State Historic Preservation Tax Credit was one of the credits that was eliminated when
those Public Acts took effect; and
WHEREAS the credit provided a financial incentive for taxpayers to invest in Michigan's historic resources
and sites; and
WHEREAS historic restoration projects, which were assisted by the State Historic Preservation Tax
Credit, generate positive economic growth in municipalities across the State and Oakland County; and
WHEREAS the elimination of the credit has discouraged developers from renovating historic buildings or
sites that currently have an undesirable impact on the community; and
WHEREAS if not for the credit, other states offer this financial incentive to encourage developers to invest
in historic sites located outside of Oakland County; and
WHEREAS Oakland County has a long history of supporting the Oakland County Historical Commission;
and
WHEREAS Oakland County has 14 local units of government with Historic District Commissions to attract
and assist developers who might benefit from the Historic Preservation Tax Credit identify locations within
Oakland County for the preservation of our local history; and
WHEREAS the Oakland County Board of Commissioners urges our State Legislators to reestablish the
State Historic Preservation Tax Program by giving developers an incentive to once again renovate historic
buildings in Oakland County and across the State.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners, in conjunction
with the Oakland County Historical Commission, hereby declares their support to the adoption of SB 469,
amending the Income Tax Act to restore the State Historic Preservation Tax Credit as passed by the
Michigan Senate.
BE IT FURTHER RESOLVED that the Oakland County Clerk/Register of Deeds is requested to forward
copies of this adopted resolution to the Governor of the State of Michigan, the Oakland County members
of the Michigan congressional delegation, and the members of the Michigan House Tax Policy Committee.
Chairperson, I move the adoption of the foregoing Resolution.
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Commissioner Helai
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District #18
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Commissioner Thomas-Middleton
District #4 —
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Resolution #18074 March 8, 2018
The Chairperson referred the resolution to the General Government Committee. There were no
objections.