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Information on the Commercial Revitalization Deduction (CRD)   		 

 

    
 
   
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The Commercial Revitalization Deduction (CRD) is an incentive targeted to property owners within the RC who have undertaken or are planning substantial renovation of an existing building or development of a new building for commercial use. The CRD allows property owners to accelerate depreciation on commercial property located in the RC. Each year of the designation, Milwaukee has $12 million worth of CRDs to allocate to eligible projects. To be considered for this tax incentive, you must submit an application.

Application:
 
  · Download 2009 CRD application in Microsoft Word format
  · Download 2009 CRD application in PDF format

Resources on the CRD:

  · IRS Publication 954 (pdf)
  · Section 1400I of the Internal Revenue Code (pdf)
     

Contact us
For more information on the CRD or other tax incentives, contact:  

 

 

Department of City Development

Phone:  414.286.5840

Email:  CRDapplication@milwaukee.gov

 


 
 
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