US Government to expand Historic Tax Credits

Efforts to expand the Historic Tax Credit (HTC) program have earned bipartisan support in the United States House of Representatives, where last month Congress members Earl Blumenauer (D-OR), Darin LaHood (R-PA), Terri Sewell (D-AL) and Mike Kelly (R-PA) introduced the Historic Tax Credit growth and Opportunity Act (HTC-GO). HTC-GO promises to "bring more value" to the nation's historic renovation projects by pursuing five interrelated improvements that include increasing the overall HTC from 20 to 30 percent for projects that incur rehabilitation expenses below $2.5 million and allowing nonprofits greater flexibility in partnering with developers on HTC projects.

Spotlight

Spotlight

Related News