Wednesday, November 23, 2016

Tax credits for Newport project

The Rhode Island Division of Taxation has posted details about a rehabilitation project in Newport involving $3.1 million in historic preservation tax credits.

The Opera House, constructed in 1867 and located on Touro Street in Newport's historic Washington Square, will undergo additional exterior and interior rehabilitation as a result of the project. The project's name is "Opera House Theater" and the applicant is the Newport Performing Arts Center.

The Division of Taxation's web page on historic tax credits shows details involving all applicants that have signed a contract and paid the required fee under the state's 2013 historic preservation tax credit