Senate Democrats pass bill to help revitalize the Upstate economy

The New York State Senate passed legislation yesterday that would help fund historic preservation projects through tax credits.

The legislation passed unanimously in the Senate and was sponsored by Sen. David Valesky. The Assembly version of the bill is being sponsored by Assemblyman Sam Hoyt.

"The Historic Rehabilitation Tax Credit will provide real incentives to stimulate Main Street and downtown development that will create jobs, increase property values and provide a better quality of life for all Upstate New Yorkers," Sen. Valesky said. "This program has great potential to revitalize the Upstate economy and reduce the strain on urban, suburban and rural communities alike."

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