tax incentive

Isaac Kremer/ November 23, 2025/ / 0 comments

A reduction of taxes to be paid by an owner of a property in exchange for investing money and agreeing to meet certain requirements, such as preservation guidelines for rehabilitation or restoration; typically income taxes or property taxes are reduced or rebated. See also investment tax credit. (Bucher, 1996)

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IsaacKremer.com is the personal website of Isaac Kremer, MSARP, a nationally recognized leader in the Main Street Approach to commercial district revitalization with over 25 years of experience. Kremer, New Jersey's first certified Main Street America Revitalization Professional (MSARP), has served as founding executive director for organizations like Experience Princeton and the Metuchen Downtown Alliance, which won a Great American Main Street Award under his leadership. He recently became director of the Royal Oak Downtown Development Authority in Michigan.

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