[Neighbors] NM 50% Tax Credit Workshop Saturday

[Gary Eyster]

Nob Hill Friends and Neighbors

Over a hundred homeowners in Nob Hill have claimed New Mexico tax credits
for qualifying, pre-approved work like reroofing, new heating and cooling,
new electrical service, new water and sewer pipes under the house and to the
street, restoring wood floors, and purchasing a NM Register plaque. The
credits cover 50% of qualifying costs and are applied directly against New
Mexico income tax. You get up to five years to use them.

Nob Hill Neighborhood Association plans a workshop on Saturday, May 18, to
help you get started. Come at noon to enjoy lunch and a social time courtesy
of your neighborhood association. The presentation will kick off at 1 pm. We
will share examples of filled-out applications. Neighbors who have used the
program will share lessons learned. We thank Monte Vista Christian Church,
3501 Campus Blvd NE, for generously sharing their Bethany Hall.

Until recently credits were available only in the 1926 Monte Vista and
College View Historic District where 702 of the 859 houses are eligible. On
February 11, 2022 the NM Historic Preservation Division (HPD) listed 1925
Granada Heights and 1945 Broadmoor Addition as historic districts in the NM
Register of Cultural Properties. The majority of homes there are now
eligible. See if your house qualifies at
https://www.nobhill-nm.com/resources/links/

Some costs like window replacement, additions, landscaping, maintenance, and
demolition are not generally eligible. Work must be approved before it is
started. This can take a couple months. Early consultation with NM Historic
Preservation Division coordinator Matt Saionz is critical. He can advise if
your house is eligible and what work will qualify. Reach him at (505)
827-4040 or  <mailto:matt.saionz at dca.nm.gov> matt.saionz at dca.nm.gov

Find information at

http://www.nmhistoricpreservation.org/programs/tax-credits.html

 

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