Protect the Historic Tax Credit and CAPP Act
Historic Tax Credits Create Jobs and Vibrant Communities
A program that for more than 30 years has created 2.3 million jobs, leveraged $106 billion in investment, and rehabilitated more than 38,000 existing buildings — while more than paying for itself — is in danger. Deficit reduction measures are currently being debated on Capitol Hill, and the federal historic tax credit (HTC) program is at risk.
Senator Tom Coburn (R-OK) has called for the total elimination of the credit, while a centrist Democratic group, the Third Way, is recommending the historic tax credit be reduced from 20 percent to 10 percent.
These very real threats reveal that we need to better educate the public and decision-makers about the credit’s proven track record of revitalizing cities and towns while returning vacant or underutilized historic buildings to a productive, taxable use. With your help, we can make the case to Capitol Hill that this program is essential to creating jobs and vibrant communities where residents new and existing, young and old want to live, work and visit.
Join Our Campaign
Our message to Capitol Hill is to protect the historic tax credit from harmful reductions by supporting the Creating American Prosperity through Preservation or CAPP Act (H.R. 2479/S. 2074).
Introduced by Representatives Aaron Schock (R-IL) and Earl Blumenauer (D-OR) in the House, the CAPP Act would greatly enhance the historic tax credit’s impact on “Main Street” and in low-income areas. It was introduced in the Senate on February 6, 2012 by co-sponsors Senators Ben Cardin (D-MD) and Olympia Snowe (R-ME).
Join us to keep historic tax credits off the chopping block and in communities where they create jobs, stimulate investment, and fuel local economies.
What You Can Do
- Take our pledge to be a “Supporter of Preservation that Revitalizes Communities” and declare your commitment to join the fight to protect and promote the federal historic tax credit program for the benefit of our economy, environment, and community.
- Send a letter to your Representative urging their support for historic tax credits by cosponsoring the CAPP Act.
- Send a letter to your Senator urging their support for historic tax credits by cosponsoring the CAPP Act.
- Sign your company/organization’s name to a support letter for the CAPP legislation.