As a result of your efforts, provisions to improve the historic tax credit were included in the initial drafting of the infrastructure legislation under development in the House of Representatives. On September 15, the House Ways and Means Committee approved its piece of the Build Back Better legislation, which included all of the provisions of the Historic Tax Credit Growth and Opportunity Act (HTC-GO). Disagreement over the size of the infrastructure legislation, however, likely means it will be reduced and certain provisions will be cut.
Your continued support of HTC-GO is essential to ensure the changes we are seeking to the historic tax credit will remain in the final bill.
As the Senate develops its version of the infrastructure legislation, take action now to let your senators know you support the historic tax credit provisions proposed by the House of Representatives and that you want to see them included in the Senate bill. With sustained advocacy, the preservation community will be well-positioned to take advantage of a very rare opportunity to substantially improve and modernize the federal historic tax credit.
To get a fact sheet about HTC and HTC-GO, visit the Preservation Leadership Forum's Resource Library.