Representatives Brian Blake and Jim Walsh have sponsored a bill in the state Legislature that could bring increased investment in historical properties on Grays Harbor. House Bill 2868 is an amendment to the Special Valuation Tax Credit of 1985 which provides tax credits to developers who buy and renovate historic buildings.

The bill would extend the 10-year special valuation of historic properties to a maximum of 24 years which could help development of historical buildings in Aberdeen such as the Morck building, the Becker Building and the Electric Building, said Wil Russoul, Executive Director of the Downtown Aberdeen Association. It could also lead to renovations of historical churches and homes in Aberdeen and Hoquiam.

The bill limits tax credits to properties that are located in “distressed areas” as reported by the state employment security department, and cities under 20,000 in population. Historic properties in Aberdeen and Hoquaim would be eligible, Russoul said.

“I want to give a huge thanks to Rep. Blake and Rep. Walsh for getting the bill read on Friday,” he added.

The bill has been referred to the House Committee on Finance for a public hearing on Feb. 7 at 1:30 p.m.