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RECEIVED
A Division of the Iowa Department of Cultural Affairs
February 26, 2008
The Honorable Roy Buol
Mayor
50 W 13th Street
Dubuque, IA 52001-4864
08 MAR 14 AM 8: 57
City Office
DU Ou:i, , IA
RE: Interstate Power Company Building, 1000 Main/131 West loth Street, Dubuque, Dubuque
County
Dear Mayor Buol:
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We are pleased to inform you that the above named property, which is located within your community,
was accepted for nomination to the National Register of Historic Places by the State Nominations
Review Committee at its February 8, 2008 meeting. Once a final version is received in our office, the
nomination will be submitted for final review by the National Park Service.
Listing in the National Register provides the following benefits to historic properties:
• Consideration in the planning for Federal, federally licensed, and federally assisted projects. Section
106 of the National Historic Preservation Act of 1966 requires Federal agencies allow the Advisory
Council on Historic Preservation an opportunity to comment on projects affecting historic properties
listed in the National Register. For further information please refer to 36 CFR 800.
• Eligibility for Federal tax benefits. If a property is listed in the National Register, certain Federal tax
provisions may apply. The Tax Reform Act of 1986 revises the historic preservation tax incentives
authorized by Congress in the Tax Reform Act of 1976, the Revenue Act of 1978, the Tax Treatment
Extension Act of 1980, the Economic Recovery Tax Act of 1981, and Tax Reform Act of 1984, and
as of January 1, 1987, provides for a 20 percent investment tax credit with a full adjustment to basis
for rehabilitating historic commercial, industrial, and rental residential buildings. The former 15
percent and 20 percent investment Tax Credits (ITCs) for rehabilitations of older commercial
buildings are combined into a single 10 percent ITC for commercial or industrial buildings built
before 1936. The Tax Treatment Extension Act of 1980 provides Federal tax deductions for
charitable contributions for conservation purposes of partial interests in historically important land
areas or structures. For further information please refer to 36 CFR 67 and Treasury Regulation
Sections 1.48-12 (ITCs) and 1.170A-14 (charitable contributions).
• Consideration of historic values in the decision to issue a surface coal mining permit where coal is
located, in accord with the Surface Mining and Control Act of 1977. For further information, please
refer to 30 CFR 700 et seq.
600 EAST LOCUST STREET, Des MOINES, IA 50319-0290 P: (515) 281-5111
• Qualification for Federal and State grants for historic preservation when funds are available.
• Eligibility for State Tax Credits for rehabilitation. Properties listed on the National Register,
eligible for listing on the National Register or Barns constructed before 1937 are eligible to apply
for a 25 percent state tax credit for rehabilitation. The cost of a 24-month qualified rehabilitation
project would exceed either $25,000 or 25 percent of the fair market value for a residential
property or barn less the land before rehabilitation. For commercial properties, the rehabilitation
project would exceed 50 percent of the assessed value of the property less the land before
rehabilitation - whichever is less. The State Historic Preservation office must approve the
rehabilitation work before an amount of tax credits will be reserved for your project. There are
limited credits available each year, so let us know if you want the application information.
Elected officials, representing the communities within which nominated properties are located are
encouraged to comment concerning the propriety of those nominations and the accuracy of nomination
content. A fifteen day period of public comment, during the period of Federal review, follows the listing
of this nomination in the Federal Register. Any comments previously submitted to the State
Nominations Review Committee are automatically forwarded as part of the nomination and need not be
repeated for the Federal review. If the owner of a single property nomination or a majority of private
property owners in a district nomination object, a property will not be listed; however, the Keeper of the
National Register can make a determination of the eligibility of the property for listing in the National
Register. If the property is then determined eligible for listing, although not formally listed, Federal
agencies will be required to allow the Advisory Council on Historic Preservation an opportunity to
comment before the agency may fund, license, or assist a project which will affect the property.
Should you have any questions about the National Register of Historic Places, Tax Incentives or about
this nomination in particular, please feel free to contact me by telephone at 515-281-4137 or by e-mail at
beth.foster@iowa.gov. You may enjoy visiting the National Register website at
http://www.cr.nps.gov/nr/index.htm.
Sincerely,
for
Lowell Soike
Deputy State Historic Preservation Officer