February 28, 2014 Federal Historic Tax Credits in Jeopardy in House Tax Reform Proposal
Posted at 14:26h in Blog
Preservationists and Rep. Blumenauer Urge Chairman Camp to Keep Historic Tax Credit in Reformed Tax Code
House Ways and Means Committee Chairman Dave Camp (R-Mich.) released a discussion draft today of his vision for comprehensive tax reform, and it eliminates the federal historic tax credit. The following are statements from the NationalTrust for Historic Preservation, the Historic Tax Credit Coalition and Rep. Earl Blumenauer (D-Ore.).
Stephanie K. Meeks, president of the National Trust for Historic Preservation:
The National Trust is deeply concerned by the repeal of the federal historic tax credit in Chairman Camp?s discussion draft. Though we appreciate the difficult task of reforming our nation?s tax code, it should not come at the cost of a program that creates local jobs and preserves our nation?s historic properties, while enriching our communities and building a lasting relationship with our past. The federal historic tax credit has done more for the revitalization of America?s historic downtowns and districts than any other preservation tool.