Here's excerpts from a recent posting from the NJ History listserv about 
rehab tax credit legislation long in the pipeline in this state for the 
"student who needs help." I am not sure that this is what he is interested 
in, but, here goes.... We're hoping that it will pass this time around.

Mary

Bill Title: "The Historic Property Reinvestment Act"  Bill #A1082 (Assembly) 
Lead legislator: Assemblyman Richard H. Bagger, (R-District 22)
Chair of the Assembly Appropriations Committee 
203 Elm Street, Westfield, NJ 07090; 
908-232-3673 or fax 908-232-3345 

The Senate version - S163-- has been approved by the Senate with unanimous 
bi-partisan support from legislators and has been referred to the Assembly 
Appropriations Committee for a final vote.  

<<A1082 is very important since it will be the ONLY incentive for PRIVATE 
HISTORIC PROPERTY HOMEOWNERS.  There are currently no financial incentives 
available to assist local historic preservation commissions in the protection 
of historic properties at the local level.  The bill will provide a tax 
credit or direct deduction off personal NJ state income tax liability for the 
rehabilitation of historic property in private ownership, providing the 
rehabilitation meets the Secretary of Interior's Standards for 
Rehabilitation.  The credit is capped at $5,000 for homeowners and $10,000 
for commercial property and can be spread over a period of 3 years.  The 
bill’s greatest impact would be felt in our historic urban areas and lower 
income neighborhoods.>>

The Senate bill’s sponsors: S163 was introduced by Senator Joseph Kyrillos 
and Assembly Bill 1082 was sponsored by Assemblymen Michael Arnone and Reed 
Gusciora.  The co-prime sponsor from the Senate is Senator Shirley Turner and 
from the Assembly are: Assemblymen Steve Corodemus and Joseph Suliga, Kenneth 
LeFevre, and Assemblywoman Loretta Weinberg.

Members of the Assembly Appropriations Committee include:  Leonard Lance, 
Vice-Chair; Francis J. Blee, Joseph Charles, Steve Corodemus, Claire M. 
Farragher, John C. Gibson, Guy R. Gregg, John V. Kelly, Joseph R. Malone, 
William D. Payne, Nellie Pou, Louis A. Romano, Joseph Suliga, Bonnie Watson 
Coleman and Joel Weingarten.

<snip>