Historic Tax Credits

HTC slide

Today, the federal historic tax credit (HTC) is at risk as never before. Tax reform is forcing an examination of all government expenditures and sources of revenue, including tax expenditures such as tax credits and deductions. Members of Congress have proposed eliminating the HTC and other tax preferences to balance the budget. 

Most shocking was a discussion draft released in February 2014 by House Ways & Means Chairman Dave Camp (R-Mich.) which contained language to repeal the credit. This is an unprecedented threat to the government’s most significant investment in preserving our historic buildings.  If you care about historic preservation, now is the time to act

The National Trust, in collaboration with the Historic Tax Credit Coalition, has launched in a multi-year national initiative to defend, preserve, and enhance the federal historic tax credit. The centerpiece of this campaign is the Creating American Prosperity through Preservation (CAPP) Act, which would not only preserve this important credit, but also increase its ability to revitalize smaller Main Street projects and catalyze energy-efficient projects.

Research also shows that state historic tax credit programs leverage the use of the federal credit. Take Missouri, for example. When the state tax credit was introduced, the number of federal rehabilitation projects doubled. Like the federal credit, several of these programs are threatened as well. (Learn more about state tax credits.)

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Fast Facts about the Historic Rehabilitation 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 more than 39,600 buildings that form the historic fabric of our nation.

As the House and Senate tax writing committees move toward a re-write of the Tax Code, the Historic Tax Credit should remain part of permanent law as a result of its overwhelming success over the last four decades. Read and download the full talking points here.

Economic Impact Studies

These reports demonstrate how the HTC is a proven job creating, community revitalizing investment throughout the nation.

Advocacy Resources

These resources help advocates make the case to protect and enhance the historic tax credit. The state briefs and maps and project lists will be particularly useful in telling the story of how the credit impacts your state. Please share these with your elected officials--and let us know how it went!

Historic Tax Credit Endorsements

Information about the Federal HTC and the CAPP Act

Learn more about the impacts of the federal Historic Tax Credit and how the CAPP Act would enhance the current credit’s ability to revitalize smaller Main Street projects and catalyze energy-efficient projects.