Federal Historic Tax Credit Update
The new Republican tax code, passed in December 2017, has changed the way the federal historic tax credit works. Instead of taking this 20% credit in one year, it will now be distributed over the course of five years. The tax credit had been in jeopardy, however, thanks to an outpouring of support, advocacy, and education about this important economic development tool, the new tax code retained this crucial preservation incentive. Please take a moment to thank your senators and representatives for their pivotal support of this program.
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