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STATE OF MISSISSIPPI ^DEPARTMENT OF ARCHIVES AND HISTORY
P O. BOX 571 JACKSON. MISSISSIPPI 39205
August 13, 1982
jr.	'
BINSON
E ■
D
ock County Board of Supervisors Alton (Dolph) Kellar, President ock County Courthouse St. Louis, Mississippi 39520
lemen:
We are pleased to inform you that the following property/prop-es will be considered by the Mississippi Historic Preservation Pro-ional Review Board for nomination to the National Register of Historic ces:
Claiborne Archaeological Site (22-Ha-501), Hancock County, Mississippi
Nttfcietiajt, Register im th« fudaral governmont's official list of his-ic properties worthy of preservation. Listing in the National Register vides recognition and assists in preserving our nation's heritage, losed is a copy of the criteria under which properties are evaluated.
Listing in the National Register provides the following benefits historic properties:
---Consideration in the planning for federally assisted projects.
Section 106 of the National Historic Preservation Act of 1966 provides that the Advisory Council on Historic Preservation be given an opportunity to comment on projects affecting such properties .
---Eligibility for federal tax benefits. If a property is listed
in the National Register, certain tax provisions may apply. The Tax Reform Act of 1976, as amended by the Revenue Act of 1978 and the Tax Treatment Extension Act of 1980, and the Economic Recovery Tax Act of 1981, contain provisions intended to encourage the preservation of depreciable historic structures by allowing favorable tax treatments for rehabilitation, and to discourage destruction of historic buildings by eliminating certain federal tax provisions for demolition of historic structures. Beginning January 1, 1982, the Economic Recovery Tax Act replaces the rehabilitation tax incentives available under prior law with a 25% investment tax credit for rehabilitations of certain historic commercial, industrial and residential rental buildings. This can be combined with a 15-year cost recovery period for the adjusted basis of the historic building. Historic buildings with certified rehabilitations receive additional tax savings because they are exempt from any requirement to reduce the basis of the building by the amount of credit. The Tax Treatment Extension Act of 1980 includes provisions regarding charitable contributions for conservation purposes of partial interests in historically important land areas or structures.
---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.
---Qualification for federal grants for historic preservation
when funds are available.
USTEES . PRESIDENT OATH III
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