Historic Preservation
NMTC/HTC Support Letter for House Republicans Closes Today – Urge Your Rep. to Sign-On
Congressman Smucker (R-PA) is requesting signatures for a letter urging Speaker Paul Ryan and Chairman Kevin Brady to preserve the Historic Tax Credit (HTC) and make the New Markets Tax Credit (NMTC) permanent. The letter is open to House Republicans and it closes TODAY, Wednesday, November 29th at 7 p.m. Eastern.
Tax Reform: House Bill Passes Floor Vote, Senate Committee Approves Markup and Improves HTC
The House is prepared for a Thursday floor vote on The Tax Cuts and Jobs Act (H.R. 1), meanwhile, the Senate Committee on Finance is in its third day of markup and a modified chairman’s mark was released by Chairman Orrin Hatch (R-UT) Tuesday night.
House Tax Reform Bill Eliminates HTC, NMTC; Eliminates Private Activity Bonds
The House Ways and Means Committee has released the full text of its Tax Cuts and Jobs Act. The Committee plans to begin markup on the proposed legislation on November 6, with plans for a House floor vote sometime in mid-November. Several changes within the code would drastically change the landscape of affordable housing and community development.
Tax Bill Delayed; Release Scheduled for Nov. 2
As of Wednesday afternoon, it appears Senate Republicans have secured enough votes for their budget resolution.
NPS Publishes 2016 Historic Tax Credit Economic Impact Report
The National Park Services has published its “Annual Report on the Economic Impact of the Federal Historic Tax Credit for Fiscal Year 2016.” The report, which is produced by Rutgers University with assistance from the National Trust Community Investment Corporation—provides a quantitative analysis of the success of the federal historic tax credit (HTC). Key findings […]
West Virginia Legislature Approves Increase for State Historic Tax Credit Program
The West Virginia House of Delegates and State Senate approved House Bill 203 which expands the state’s historic tax credit program from 10% to 25% of qualified rehabilitation cost for expenditures made after December 31, 2017. Provisions in the legislation expire on December 31, 2022. West Virginia Governor, Jim Justice, is expected to sign the […]
Immediate Advocacy Needed on Behalf of the Historic Tax Credit
As anticipated, Republican leadership released a tax reform framework intended to guide House and Senate tax writing committees in their drafting of tax reform legislation. The framework does not explicitly preserve the historic tax credit and envisions that most business tax credits will be repealed in order to achieve a 20% corporate tax rate.
Bill Reintroduced to Increase HTC, LIHTC, and NMTC for Disaster Relief
If enacted, areas that experienced federally-declared disasters from 2012 – 2015 would receive additional allocations towards tax credit programs
Trump Releases Tax Plan, Rep. Brady Pushes Back House Schedule for Tax Reform
Donald Trump today has released a preliminary version of a tax plan, calling for a reduction in the corporate tax rate to 15%.
New Guidance Released for HTC Functionally Related Buildings Separate Project Treatment
The new guidance, released by the National Park Service, gives examples of when buildings functionally related historically can be treated as separate projects for the purpose of certification.
The Woda Group Announces Construction of Senior Community in Circleville, OH
The project was made possible with state housing tax credits as well as historic tax credits.
HUD Historic Preservation Award – Nominations Due 3/27/17
HUD is partnering with the Advisory Council on Historic Preservation (ACHP) to offer the HUD Secretary’s Award for Excellence in Historic Preservation.