Tell Your Representative to Support The Main Street Historical Tourism and Revitalization Act

Today, the majority of states offer historic tax credits (HTCs) as an incentive for the certified rehabilitation of eligible historic commercial buildings. After nearly four decades of policy development, state legislatures -- including Texas -- have found that these incentives bring tangible, lasting benefits to their residents as well as older neighborhoods and communities.

The Main Street Historical Tourism and Revitalization Act introduced in the Florida legislature by Representative Webster Barnaby (District 29) and Senator Nick DiCeglie (District 18) would create a historic tax credit for Florida. The $25 million program would provide a 20% credit of certified rehabilitation costs and a 30% credit for historic rehabilitations occurring within a Main Street District.

In a 2023 report, the National Trust noted that a state historic tax credit often makes a historic rehabilitation financially feasible. Given the complexities associated with rehabilitating a historic building, banks lend fewer dollars to these projects compared to new construction. Therefore, incentives are required to fill the financing gap and make rehabilitations of historic buildings economically feasible. These incentives create high-wage local jobs during the construction phase and the resulting new spaces often serve as incubators for fledgling Main Street business.

Please join the National Trust in urging Florida legislators to adopt this type of incentive.

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