NICK GOSNELL
Hutch Post
HUTCHINSON, Kan. — Reno County Administrator Randy Partington explained why the county has tax credits that it is looking for buyers for connected with the work they did on the exterior of the Reno County Courthouse.
"Since the courthouse is a historical site, the Kansas State Historical Society allows tax credits for renovations, qualified renovations on the property," Partington said. "They look at our expenses. When we did the dome, the exterior, the windows and the weatherization, it was a little over $3 million project. Not all of that qualified. Architects and engineering fees may not qualify."
The amount of tax credits the county has for sale is $888,709.
"Anyone locally, if they buy tax credits, can give a bid to the county," Partington said. "Usually we get somewhere, mid 80s to low 90 percent of our tax credit. We don't get the full amount."
Sealed bids for anything up to the entire amount, but no less than $50,000 are due to the county by Feb. 26, 2024 at 5 p.m.
"The easiest or the best way is if someone wanted to buy all $800,000 plus, then we could send one tax certificate and get one check," Partington said.
Talk to your tax professional if you have a large liability and this may work for you.
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