Message from Rep. Rohrkaste
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from Rep. Rohrkaste.
Rep. Rohrkaste’s Historic Tax Credit Bill Moves Forward
Yesterday, along with Senator Alberta Darling, I testified before the
Assembly Committee on Ways and Means on Assembly Bill 793, which will raise
the per-project limit of Wisconsin’s historic tax credit. The historic tax
credit has been capped at $500,000 per project, and this legislation raises that
cap to $3.5 million per project.
The historic tax credit is a vital tool for the redevelopment of historic
areas in Wisconsin, including communities right here in the Fox Cities. The
credit has been used multiple times by developers and local municipalities
in our area to help reinvigorate several historic structures. These
structures have often been turned into apartments, as well as space that can
be utilized by local businesses. This is a low-risk, high-return program
that has spurred hundreds of projects across the state in both urban and
rural areas, including projects in Oshkosh, Appleton, Green Bay, and Fond du
In 2014, 60% of all projects using the tax credit were vacant for more than
20 years. A recent study by Baker Tilly has shown that over a 10-year period
the historic tax credit has created an $8 to $1 return on investment for the
state. The study has also shown that the credit generated over $600 million
in total economic output between 2014 and 2016.
Without this credit, many of these abandoned historic structures will
continue to remain vacant and will likely decay, causing blight in our local
communities. The historic tax credit provides an opportunity for
communities, often small, to breathe new life into old and often vacant
The Senate companion to Assembly Bill 793, Senate Bill 668, received a
public hearing on Wednesday in the Senate Committee on Revenue, Financial
Institutions, and Rural Issues. Both bills now await an executive session in
their respective committees.
Myself and Andrew Gussert, State Alliance
Director for the Boys and Girls Club of Wisconsin.
Thanks to Andrew Gussert, the new State
Alliance Director for the Boys and Girls Club, for stopping by my office
yesterday. I would like to congratulate Mr. Gussert on his new position with
this fantastic organization, and I look forward to working with him in the
We have multiple Boys and Girls Clubs right here in the Fox Cities (Boys &
Girls Clubs of the Fox Valley and the Menasha Boys & Girls Club), and I
encourage you to stop by. The clubs have great programs for youth, and they
provide a safe and fun environment.
If you are interested in learning more about
bills that I have authored, co-sponsored, or voted on, please
click here. This link will take you directly to my Wisconsin State
Legislative page. Also, if you are interested in viewing my office