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Lindsey Bennett of KIZ Resources, LLC, joined the Practical Preservation Podcast to discuss the company’s tax credit transfer services. We covered multiple topics, including:
- Origins of the company – originally named for the Keystone Innovation Zone Tax Credit (KIZ) – and their focus on state and federal tax credit transfers for businesses
- Their specialized services assisting businesses located in historic buildings to enroll in and benefit from the Pennsylvania Historic Preservation Tax Credit Program, as well as federal preservation tax credits
- Qualifications for the preservation tax credit programs, including that the applicants must have income-producing buildings, the building must be on the National Register of Historic Places, any renovations must follow the Secretary of the Interior’s standards for historic rehabilitation, as well as some other stipulations
- Other services provided, including assisting clients with selling tax credits, the Keystone Innovation Zone Tax Credit, and Neighborhood Assistance Program, among others
- Challenges with uncertainty of state budgets, particularly given COVID-19, and Lindsey’s recommendation to business-owning constituents in Pennsylvania to reach out to legislators and encourage them to continue to support funding for tax credits
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