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Historic Tax Credit Advocates will Look to 2023 to Pass Improvements December 23, 2022: Just before the new year, President Joe Biden signed into law the recently passed $1.7 trillion Omnibus Appropriations bill for 2023.

Originally appearing in the Tax, Audit and Consulting Services for Tax Incentive Transactions issue of the Novogradac Journal of Tax Credits.

July 26th, 2022: Members of Congress will depart Washington in August to head home for the summer recess through Labor Day. This week, advocates are encouraged to contact offices to request cosponsorship of the Historic Tax Credit Growth and Opportunity Act (HTC-GO HR 2294/S.

Thanks to the recent efforts of HTC advocates, there are now over 85 House members and 11 Senators in support of the Historic Tax Credit Growth and Opportunity Act (HTC-GO) bills (HR 2294/S. 2266). This is the most support gathered for a House HTC improvement bill in recent memory.

Join HTC Advocates at 2 Upcoming Virtual Events! Saving Places Webinar: Historic Preservation Advocacy Requests in 2022 February 24th, 2022 | 3pm (Eastern) Learn about the 2022 federal preservation legislative priorities! Join the National Trust for Historic Preservation’s government relations and…

Last week, the House passed a $1.75 trillion version of the “Build Back Better” (BBB) reconciliation bill on a vote of 220 to 213. The bill did not include Historic Tax Credit (HTC) enhancements.

Last week, a new iteration of the reconciliation infrastructure bill was released and was significantly reduced in scope, excluding the Historic Tax Credit (HTC) enhancements and many other community development incentives that were in a prior bill.

As you’re seeing in the national news, Congress is poised to move forward on infrastructure legislation, including a vehicle that could carry Historic Tax Credit (HTC) provisions, as early as next week. Great news? Possibly not! The $3.

NTCIC will attend the upcoming Novogradac Historic Tax Credit Conference from October 6th – 8th to connect with industry colleagues,  and discuss the Historic Tax Credit provisions presently included within the emerging infrastructure legislation.

On this week’s PreserveCast, listeners have an opportunity to take action and make a difference, and Merrill Hoopengardner is leading the charge.