January 12, 2018


A Message from Rep. Rohrkaste



Click on the image above to view a message 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 Lac.

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 historic structures.

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.


Thanks for Visiting!



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 future!

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.


Legislative Website


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 website, click here.
 

 
     

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State Capitol Room 321 East - PO Box 8953, Madison, WI 53708
(608) 266-5719
Email: Rep.Rohrkaste@legis.wisconsin.gov