Key Opportunity to Strengthen the Federal Historic Tax Credit
The historic tax credit (HTC) has a proven track record of kickstarting job creation and attracting private investment, while preserving tangible links to our past.
As Congress considers its ongoing response to the coronavirus pandemic and the need to stimulate economic activity, legislators must hear from the preservation community that the HTC is a proven economic recovery tool that should be strengthened and incorporated into legislation designed to revitalize our nation’s struggling communities.
On June 22nd, the House of Representatives released text of H.R. 2, the Moving Forward Act, a comprehensive proposal designed to rebuild and invest in our nation’s infrastructure. The proposal incorporates community development provisions that support infrastructure financing, including several provisions that strengthen the historic tax credit (HTC).
Join the National Trust for Historic Preservation in thanking your Representative for including HTC provisions in H.R. 2, and urge your Senators to similarly strengthen the Historic Tax Credit in a Senate infrastructure package or economic relief legislation.