Federal Historic Tax Credits

Preservation & the Historic Tax Credit

The federal Historic Tax Credit (HTC) was created in 1981 as an incentive to catalyze economic development through the restoration and reuse of America’s historic buildings. Since its inception, the HTC has been a widely used redevelopment tool, helping revitalize cities, towns and rural communities all across the country and to date has rehabilitated more than 41,250 buildings. The HTC has a proven track record for stimulating economic growth through private investment that creates good paying, local jobs.

Help Save the Historic Tax Credit!

The federal historic tax credit was not included in the Republican leadership’s outline for tax reform. Join us in urging lawmakers to send a message to the House Ways and Means and Senate Finance Committees: the historic tax credit must be retained in a reformed tax code.

ACT NOW 

Despite a proven track record of stimulating economic growth and preserving our architectural heritage, the historic tax credit faces an uncertain future. As pressure builds to reform the nation’s tax code, several influential tax reform proposals recommend a repeal of this essential credit. The former Chairman of the House Ways and Means Committee, Dave Camp, for example, introduced sweeping tax reform legislation in the 113th Congress that proposed to eliminate the historic tax credit.

Demonstrating the value of the federal HTC program is not difficult to do. It has been used to attract new private capital to the historic cores of cities and Main Streets across the nation. This investment has, in turn, enhanced property values, created jobs, generated local, state and federal tax revenues, and revitalized communities. Your voice is needed, however, to make sure the historic tax credit story is told and retold to decision makers in Washington if we are to ensure historic tax credit is enhanced in tax reform and not weakened or eliminated.

Policy Webinar Series: Coming Up

Sign up for the next webinar "Historic Tax Credit Threatened" on November 2, 2017.

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