Designated Downtown Incentives
Designated Downtown Incentive
Tax Credits
10% Historic Tax Credits
- Available as an add-on to approved Federal Historic Tax Credit projects.
- Eligible costs include interior and exterior improvements, code compliance, plumbing and electrical upgrades.
25% Historic Tax Credits:
- Eligible facade work up to $25,000.
- 50% Code Improvement Tax Credits
- Available for up to $50,000 each for elevators and sprinkler systems and $12,000 for lifts.
- Eligible code work includes ADA modifications, electrical or plumbing up to $25,000.
- 50% Technology Tax Credits available for up to $30,000 for installation or improvements made to data and network installations, and HVAC (heating, cooling or ventilation systems) reasonably related to data or network improvements
Priority consideration for state grants
Act 250
No permit fees and special downtown process with reduced criteria.
Qualified mixed use-housing projects are exempt from review.
For a complete listing of benefits go to: https://accd.vermont.gov/community-development/designation-programs/downtowns
