Urge Senate Democrats to Support HTC Enhancements in Reconciliation Bill; Nominee to Lead ACHP Testifies in Senate; Refresh the Movement: PAF’s Auction Returns Nov. 2nd; and Stories From the States

Preservation Action, Legislative Update
Volume 24, Number 31, September 24, 2021

Sara Bronin testifies before the Senate Energy and Natural Resources Committee. Photo Credit: ACHP.

1. Urge Senate Democrats to Support Historic Tax Credit Enhancements Included in Reconciliation Bill

2. Nominee to Lead ACHP Testifies at Senate Committee Hearing

3. Refresh the Movement: Preservation Action Foundation’s Annual Auction Returns Nov. 2nd

4. Stories From Around the States

Legislative Update: September 24, 2021 →

Historic Tax Credit Enhancements Included in House Reconciliation Bill; NPS Announces $15.5 Million in Save America’s Treasures Grants; Refresh the Movement: PAF Auction Returns Nov. 2nd; and Stories From the States

Preservation Action, Legislative Update
Volume 24, Number 30, September 17, 2021

1. Historic Tax Credit Enhancements Included in Draft Reconciliation Package in House

2. National Park Service Announces $15.5 Million in Save America’s Treasures Grants

3. Refresh the Movement: Preservation Action Foundation’s Annual Auction Returns Nov. 2nd

4. Stories From Around the States

Legislative Update: September 17, 2021 →

House Passes Budget Resolution- Urge Support for HTC Enhancements; Congress Faces Busy September and Limited to Complete Spending Bills; PA Leading Webinar on Grassroots Advocacy for Preservation; and Stories From the States

Preservation Action, Legislative Update
Volume 24, Number 28, August 27, 2021

1. House Passes $3.5 Trillion Budget Resolution. Urge Support for Historic Tax Credit Enhancements

2. Congress Faces Busy September and Limited Time to Complete the FY22 Appropriations Process

3. Preservation Action Leading Webinar on Grassroots Advocacy for Historic Preservation

4. Stories From Around the States

Legislative Update: August 27, 2021 →

Register for 2021 Virtual PastForward Conference and Save the Date for PAF’s Annual Auction; President Biden Nominates Charles Sams to Lead Park Service; America250 Effort Officially Launches; and Stories From the States

Preservation Action, Legislative Update
Volume 24, Number 27, August 20, 2021

1. Registration Now Open for 2021 Virtual Past Forward Conference. Save the Date PAF’s Annual Auction!

2. President Biden Announced His Intent to Nominate Charles Sams to Lead National Park Service

3. A Multiyear Effort to Commemorate the 250th Anniversary of America’s Founding in 2026 Officially Launches

4. Stories From Around the States

Legislative Update: August 20, 2021 →

Urge Your Members of Congress to Cosponsor the Historic Tax Credit Growth and Opportunity Act

Urge Your Senators and Representative to Cosponsor the Bipartisan Historic Tax Credit Growth and Opportunity Act Today!

The Historic Tax Credit Growth and Opportunity Act, H.R 2294, S. 2266 (HTC-GO) was introduced in the House by Rep. Earl Blumenauer (D-OR) and Rep. Darin LaHood (R-IL) and in the Senate by Sen. Ben Cardin (D-MD) and Sen. Bill Cassidy (R-LA). This bipartisan legislation includes many of the same changes to expand and enhance the Historic Tax Credit (HTC) included in the HTC-GO bill from the last Congress. The bills would bring more value to Historic Tax Credit projects, improve access, and encourage investment in smaller rehabilitation projects. The Senate version, however, does not include the temporary increase in the HTC from 20% to 30% to address pandemic related challenges, included in the House bill. This provision will likely be addressed in a separate bill in the Senate. The House bill is currently up to 100 cosponsors and the Senate bill has 14 cosponsors.

The Historic Tax Credit Growth and Opportunity Act includes the following provisions:

  • A temporary increase of the Historic Tax Credit from 20% to 30% through 2024, phasing back down to 20% by 2027 (*House version only*)
  • Establishes a permanent 30% Historic Tax Credit for projects $2.5 million and less, making it easier to complete small projects
  • Eliminates the HTC Basis Adjustment, bringing more value to HTCs and making it easier to pair with the Low-Income Housing Tax Credit
  • Reduces the substantial rehabilitation threshold, making more buildings eligible to use the HTC
  • Makes the credit easier to use by non-profits

We need your help! Reach out to your members of Congress and urge them to cosponsor the bipartisan Historic Tax Credit Growth and Opportunity Act (H.R. 2294, S. 2266).

How to Take Action

Preservation Action has made it easy for you take action. If you have a personal contact in your Senators or Representative’s Washington D.C or District office, contact that person directly. If they do not handle tax issues, ask that they pass the message along to the appropriate tax staffer. You can also use our action campaign tool to easily edit and send a draft letter to your members of Congress office today! Please share any responses you receive with Preservation Action at mail@preservationaction.org to help inform our advocacy efforts. Also be sure to share this alert with your networks!

Additional Resources