Historic Tax Credit Growth and Opportunities Act Fact Sheet

March 23, 2023

The Historic Tax Credit (HTC) is a proven tax incentive for revitalizing historic community assets and supporting economic development and recovery.

On March 2, 2023, Senators Ben Cardin (D-MD), Bill Cassidy (R-LA), Maria Cantwell (D-WA), and Susan Collins (R-ME) introduced the Historic Tax Credit Growth and Opportunity Act (S. 639). Similar legislation was introduced in the House by Representatives Earl Blumenauer (D-OR), Brian Higgins (D-NY), Mike Kelly (R-PA), and Darin LaHood (R-IL), Terri Sewell (D-AL), and Mike Turner (R-OH). Both bills include provisions to permanently add value to HTC, improve access to the credit, and increase investment in smaller rehabilitation projects.

Now accepting nominations for the 2024 list of America’s 11 Most Endangered Historic Places! Letters of Intent are due September 29, 2023.

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