The Preservation League is coordinating our national Historic Tax Credit advocacy with Preservation Action and the National Trust for Historic Preservation.
Now is the time to contact your Representatives and Senators to urge them to support the Historic Tax Credit. Contact information for your Representatives is online here: https://www.house.gov/representatives/find/ and here for our Senators: https://www.senate.gov/senators/contact/senators_cfm.cfm?State=NY. We have bipartisan support for the Historic Tax Credit Improvement Act of 2017 (H.R. 1158 and S. 425). Senators Schumer and Gillibrand co-sponsor the Senate bill and the following Representatives co-sponsor the House bill:
- Rep. Stefanik, Elise M. [R-NY-21]
- Rep. Higgins, Brian [D-NY-26] (on House Ways and Means Committee)
- Rep. Faso, John J. [R-NY-19]
- Rep. Katko, John [R-NY-24]
- Rep. Slaughter, Louise McIntosh [D-NY-25]
- Rep. Collins, Chris [R-NY-27]
Thanking the Senators and Representatives who co-sponsor the Historic Tax Credit Improvement Act is a good way to remind them of their support for the Historic Tax Credit.
As users, consultants, or investors in Historic Tax Credit projects, reaching out to your Representative will send a powerful message. The National Trust has talking points and project information broken out by state and congressional district, http://forum.savingplaces.org/learn/fundamentals/economics/tax-credits/federal-htc. Personal discussion of how important the Historic Tax Credit has been to projects you have been involved with will be key.
Some key talking points for overall data:
- Since its inception the Historic Tax Credit has leveraged $131 billion in private capital and created over 2.4 million jobs.
- In New York State between 2002-2016, Federal Historic Tax Credits have led to over $4 billion in private investment, generated almost $1 billion in local, state, and federal taxes, and created over 52,000 jobs, just in that 14 year period. The Historic Tax Credits have been used in every corner of our state.