Mills Act
The Mills Act is a California state law that allows cities to enter into contracts with the owners of historic structures. Such contracts require a reduction of property taxes in exchange for the continued preservation of the property.[1]
The Mills Act is recognized by the state of California as the "single most important economic development incentive program in California for the restoration and preservation of qualified historic buildings by private property owners.[2]
Each local government establishes their own criteria and determines how many contracts they will allow in their jurisdiction.[2]
For example, the
California's four largest cities (Los Angeles, San Diego, San Francisco, and San Jose) as well as more than 75 other city and county governments have instituted Mills Act programs.[4]
References
- ^ "Mills Act information pamphlet" (PDF). www.cityofberkeley.info. Retrieved 2019-05-21.
- ^ a b "Mills Act Program". CA State Parks.
- ^ "Mills Act - Planning & Community Development".
- ^ "Certified California Tax Incentive Projects". CA State Parks.