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TRENTON – The Senate Budget and Appropriations Committee unanimously approved legislation today sponsored by Senator Barbara Buono that would encourage the rehabilitation of historic properties in the State by offering tax credits for a portion of the cost of the rehabilitation.

“There are many historic buildings in New Jersey that have seen far better days,” said Senator Buono, D-Middlesex and Chair of the Committee. “These buildings form the core of our older neighborhoods and through their rehabilitation, we can breathe new life into these communities and combat sprawl.”

TRENTON – The Senate Wagering, Tourism and Historic Preservation Committee approved legislation today sponsored by Senator Barbara Buono that would encourage the rehabilitation of historic properties in the State by offering tax credits for a portion of the cost of the rehabilitation.

“New Jersey’s historic buildings are irreplaceable treasures that we need to do more to protect,” said Senator Buono, D-Middlesex and Chair of the Committee. “We need to make it an attractive option to rehabilitate these sites rather than just erecting new buildings and abandoning our past.”