Historic Tax Credits
Today, the federal historic tax credit (HTC) is at risk as never before. A tax reform discussion draft released by House Ways & Means Chairman Dave Camp (R-Mich.) contained language to repeal the credit. This is an unprecedented threat to the government’s most significant investment in preserving our historic buildings and we need your help to save it.
The National Trust, in collaboration with the Historic Tax Credit Coalition, has launched in a multi-year initiative to preserve and enhance the federal historic tax credit. The centerpiece of this campaign is the Creating American Prosperity through Preservation (CAPP) Act, bipartisan legislation that would increase the HTC's ability to revitalize smaller Main Street projects and enable energy-efficient projects.
New research commissioned by the National Trust proves for the first time that the economic benefits of historic rehab go far beyond one building. Historic tax credit projects spur an increase in property values, draw new businsses, attract new residents and enlarge the tax base. Projects in Maryland, Georgia and Utah are profiled. Download The Federal Historic Tax Credit: Transforming Communities report.
- Ask your senators to co-sponsor CAPP, to show their support for the HTC and enhance the impact of the historic tax credit in strategic ways.
- Add your organization's name to our letter urging Chairman Dave Camp and Ranking Member Sandor Levin to retain the historic tax credit.
- Share our video on the historic tax credit as a catalyst for change.
- Write an op-ed or a letter to the editor to your hometown paper in support of the HTC
Fast Facts about the Historic Tax Credit
Over the life of the program, the historic rehabilitation tax credit (HTC) has:
- created more than 2.4 million good paying, local jobs;
- leveraged nearly $109 billion in private investment in our communities;
- generated a significant return on investment for the federal government;
- and preserved nearly 40,000 buildings that form the historic fabric of our nation.
These resources demonstrate how the HTC is a proven job creating, community revitalizing investment throughout the nation. Use them to help educate your elected officials at home and in Washington.
- Historic Tax Credit Project Maps and Project Lists - organized by state
- CAPP Act Fact Sheet
- Talking points on the power of the HTC
- How state historic tax credits leverage the federal HTC
- The Annual Report on the Economic Impact of the Federal Historic Tax Credit for FY12 (Rutgers University and National Park Service)
- Highlights: Annual Report on the Economic Impact of the Federal Historic Tax Credit for FY12
- Federal Historic Tax Credit in Ohio: Creating Jobs, Building Communities, Preserving Heritage
- Federal Historic Tax Credit in Montana: Creating Jobs, Building Communities, Preserving Heritage
- State Briefs: Key Federal Investments in Historic Preservation