Community Revitalization Tax Relief Program

About the Program


Now therefore be it resolved, by the Lebanon City Council, that the City of Lebanon hereby adopts on February 17, 2016 and implements the provisions of RSA 79-E. The Community Revitalization Tax Relief Incentive (RSA 79-E) Program allows the City to provide a temporary period of limited tax relief for property owners who wish to undertake substantial rehabilitation of a qualifying structure which will provide at least 1 public benefit. Under the statute, use of the 79-E program is limited to designated or recognized downtowns, town centers, or village centers.

For context, please read through the documents related to the City Council Resolution (February 17, 2016 minutes).

Qualifications


Do I Qualify for the Community Revitalization Tax Relief Incentive (RSA 79-E) Program?


To qualify for the 79-E Program, your project must meet all 3 of the following criteria:
1. The proposed project must be a Substantial Rehabilitation.
  • A substantial rehabilitation is a project that costs at least 15% of the pre-rehabilitation assessed valuation or $75,000, whichever is less. For historic structures, substantial rehabilitation means devoting at least 10% of the pre-rehabilitation assessed valuation or $5,000, whichever is less, to energy efficiency improvements in accordance with the Secretary of the Interior's Standards for Rehabilitation guidelines for historic structures.
2. The building or structure must be a Qualifying Structure.
  • A qualifying structure is a building or structure located within the downtown Lebanon (PDF) or downtown West Lebanon (PDF) areas designated by the City as part of its adoption of the program. However, historic structures located anywhere in the City are also considered qualifying structures for purposes of the program.
3. The project must provide at least one Public Benefit listed in the statute, including:
  • Enhancement of the economic vitality of the downtown; (RSA 79-E:7, I)
  • Enhancement or improvement of a culturally or historically important structure; (RSA 79-E:7, II)
  • Promotion of the preservation and reuse of existing building stock; (RSA 79-E:7, II-a)
  • Promotion of the development of municipal centers, providing for efficiency, safety, and a greater sense of community (RSA 79-E:7, III); or
  • Growth of residential housing in urban or town centers. (RSA 79-E:7, IV)