Historic Tax Credit Eliminated from House Tax Reform Proposal — Let’s Get it Back

April 15, 2014

The APC would like to share and support this effort by the National Trust for Historic Preservation regarding a proposal to eliminate the Federal historic tax credit which has benefited properties in Atlanta.

 

Historic Tax Credit Eliminated from House Tax Reform Proposal — Let’s Get it Back.

Dear Friend,

You may not be familiar with the federal historic tax credit but you’ve no doubt seen what it can do.

St. Louis, Missouri; Richmond, Virginia; Cleveland, Ohio and Portland, Oregon are just a few of the many places that have reinvigorated their downtowns through projects that were made possible by the federal historic tax credit.

And now, Congressman Dave Camp, chairman of the House Ways and Means Committee, has proposed it be eliminated from the tax code. Period.

We understand the need for tax reform, but not at the expense of a program that more than pays for itself and that has a proven track record of creating jobs, saving historic buildings and revitalizing neighborhoods.

Elimination of the historic tax credit is simply unacceptable—to all of us who love the charm of San Francisco’s Ferry Building, the glamour of the Apollo Theater or the grandeur of Miami’s Hotel Fountainbleu, or any of the nearly 40,000 historic buildings that have been revitalized using the credit.

Join us in urging your representatives to send the message to Speaker of the House John Boehner and House Majority Leader Eric Cantor that sensible tax reform must retain the historic tax credit. It is the single most important thing you can do for historic preservation today.

Thank You,

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Germonique Ulmer.
Vice President, Public Affairs