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Possible Repeal of Historic Tax Credits for Historic Preservation
September/October 2017
 The US Grant Hotel, the huge 75-year-old structure on Broadway across from the Horton Plaza Park is one San Diego historic site, an $80-million restoration project that benefited from tax credits. Courtesy of the US Grant Hotel |
Your support is needed: Let Congress know that you want to save the Historic Tax Credit.
The Federal Historic Tax Credit (HTC) is under threat of elimination or curtailment during current tax reform discussions.
Between 2002-2016, the rehabilitation of 169 historic buildings in California—with $468M in federal credits—spurred $2.8 billion in redevelopment. And, the federal credit pays back more to the Treasury than it costs!
For example, an estimated $493M has been paid in federal taxes on these HTC projects.
Despite the HTC's proven record for stimulating economic development, we are deeply concerned that the program will fall victim to the current federal tax reform efforts.
Join SOHO, the California Preservation Foundation and the National Trust and send a clear and strong message that the Historic Tax Credit needs to be included within the tax reform proposal.
Contact your representative in Congress individually using the links provided below and urge them to co-sponsor the Historic Tax Credit Improvement Act, which will further encourage reuse and rehabilitation of historic resources, maximize the impact of state historic credits, and broaden the eligibility requirement so more historic properties are applicable under this program. Thank you for supporting this important legislation!
Senate
Senator Dianne Feinstein
750 B Street, Ste 1030, San Diego, CA 92101
Phone: (619) 231-9712 · Fax: (619) 231-1108
https://www.feinstein.senate.gov/public/index.cfm/e-mail-me
Senator Kamala Harris
600 B Street, Ste 2240, San Diego, CA 92101
(619) 239-3884 · (202) 228-3863 fax
https://www.harris.senate.gov/content/contact-senator
House
District 49
Rep. Darrell Issa
1800 Thibodo Road, Ste #310, Vista, CA 92081
Phone: (760) 599-5000 · Fax: (760) 599-1178
https://issa.house.gov/index.php?option=com_content&view=article&id=597&Itemid=73
District 50
Rep. Duncan Hunter
1870 Cordell Ct, Ste 206, El Cajon, CA 92020
Phone: (619) 448-5201 · Fax: (619) 449-2251
https://hunterforms.house.gov/contact
District 51
Rep. Juan Vargas
333 F Street, Ste A, Chula Vista CA 91910
Phone: (619) 422-5963 · Fax: (619) 422-7290
District 52
Rep. Scott Peters
4350 Executive Drive, Suite 105, San Diego CA 92121
Phone: (858) 455-5550
District 53
Rep. Susan Davis
2700 Adams Avenue, Ste 102, San Diego, CA 92116
Phone: (619) 280-5353 · Fax: (619) 280-5311
https://susandavisforms.house.gov/forms/writeyourrep
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