State Historical Society of Iowa_Holy Ghost Catholic Historic DistrictHISTORICAL
I OWA
Dear Mayor Roy Buol
Listing in the National Register provides the following benefits to historic properties:
600 E. LOCUST STREET DES MOINES, IA 50319 - 0290 P: (515) 281 - 5111
March 1, 2011 0
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The Honorable Roy Buol C 1
Mayor � -- 7. -
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50 W 13th Street (1) 3
Dubuque, IA 52001 -4864 • U
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RE: Holy Ghost Catholic Historic District, 2887 -2921 Central Avenue, Dubuque, Dubuque County CCr —
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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 June 10, 2011
meeting. Once a fmal version is received in our office, the nomination will be submitted for fmal review by the National
Park Service.
• 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.
• Qualification for Federal and State grants for historic preservation when funds are available.
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• 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 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,
F: (515) 242 -6498 www.towAlIISIORY.oRG
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Terry E. Branstad, Governor
Kim Reynolds, Lt. Governor
A Division of the Iowa Department of Cultural Affairs Mary Commie, Director
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,
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.
; rG.d.,tc dire
for
Barbara Mitchell
Deputy State Historic Preservation Officer