Historic Tax Credit Advocacy is Showing Results
As we move past the midway point of the 118th Congress, support for the Historic Tax Credit Growth and Opportunity Act (H.R. 1785 / S. 639) (HTC-GO) is in a strong position to surpass the previous record number of cosponsors.
Current co-sponsorship of HTC-GO is 51 bipartisan members in the House (28 Democrats, 23 Republicans) and 13 members in the Senate (7 Democrats, 5 Republicans, and 1 Independent).
At the end of the 117th Congress, there were more than 104 cosponsors in the House and 15 in the Senate.
With Preservation Advocacy week coming up, supporters have an important opportunity to emphasize the important role federal historic tax credits have had in their communities and that passing HTC-GO will give communities throughout the nation greater ability to preserve their historic resources, revitalized their economies, and create local jobs.
A rare, bipartisan tax package passed the House by a wide margin in February and is now being considered in the Senate.
While HTC-GO provisions were not included in the House bill, now is the time to urge your delegation to include the bipartisan, community-building, low-cost provisions of HTC-GO in the Tax Relief for American Families Act today!