Despite a proven track record of stimulating economic growth and preserving our architectural heritage, however, 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. – National Trust for Historic Preservation
Please click here to read the most recent update and scroll down to learn how to help save this essential preservation tool.
Fast Facts about the Historic Tax Credit
Over the life of the program, the historic rehabilitation tax credit (HTC) has:
- created more than 2.3 million good paying, local jobs;
- leveraged $120.8 billion in private investment in our communities;
- used $23.1 billion in tax credits to generate more than $28.1 billion in federal tax revenue;
- and preserved more than 41,270 buildings that form the historic fabric of our nation.
More information will be coming soon about how you can contact your congresspeople to lobby to keep it.