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Show scon M MATHESON GOVERNOR February 6, 1981 Division of State History Gladys Whittaker Milford Historical Society 365 South 500 West Milford, Utah 84751 (UTAH STATE HISTORICAL SOCIETY) ST;" -" 0" UT.""" OE?! ::;TM EN~ 0.' GOII~~UNITY AND Eco',mAIC DE',;FLO?ME'IT MELV!!II T. SMITH. DIRECTOR 300 RIO GRANDE SALT LAKE CITY. UTAH /)4101 TELEPHONE 801/533-5755 Dear Ms. Whittaker: We are pleased to report that the Historic and Cultural Sites Review Conunittee on February 4, 1981 approved the nomination to the National Register of the M[lford Union Pacific Depot. If the Keeper of the National Register accepts the nomination the provisions of the Tax Reform Act of 1976 will apply to the property. The act contains four main provisions for buildings that qualify for tax depreciation, that is, income or conunercia1 properties. The Act: (1) permits a five-year amortization of certified rehabilitation expenses; (2) eliminates business expense deductions for demolition; (3) eliminates accelerated depreciation for structures built on the site of demolished historic structures; (4) provides special depreciation rules when the cost of rehabilitation exceeds $5,000 and the purchase price of the building. These provisions do not apply to private residences. ". If you have any questions or concerns, please contact me at the address above. Sincerely, A. Kent Powell Historic Preservation Research Coordinator br State History Board: Milton C. Abrams. Chairman • Theron H. Luke • Delio G. Dayton • Wayne K. Hinton • Helen Z. Papanikolas • Ted J . Warner • Elizabeth Montague • Thomas G. Alexander David S. Monson • Elizabeth Griffith • William D. Owens |
