NTCIC Joins Historic Tax Credit Coalition for Lobby Day

The only annual lobby day exclusively devoted to improving the Historic Tax Credit on Capitol Hill

The Historic Tax Credit Coalition is hosting its annual HTC Lobby Day in DC on June 12th, the day before many in the HTC industry are in town for the IPED Historic Tax Credit Conference.

With numerous expired tax incentives and incentives set to expire in 2025, Washington insiders are referring to 2025 as the “Superbowl of Tax.” Though much will depend on the political landscape after the election, 2025 is likely our opportunity to bring needed improvements to the HTC.

All HTC advocates are encouraged to participate. The Coalition will set up your meetings and provide educational materials, including maps and lists of projects for each state and congressional district. If your House member is on the tax-writing committee, or you live in the following states, you are HIGHLY encouraged to attend:

AL, AR, FL, IA, ID, IN, KS, KY, LA , ME, MO, MS, MT, NC, ND, NE, TN, OH, OK, TX, UT, SC, SD, WI, WV, WY

The Coalition is hosting a mid-morning breakfast briefing and will then head to Capitol Hill for an afternoon of meetings and advocacy. Later that evening, NTCIC is partnering with CohnReznick and Ryan, LLC to host the first annual Congressional Reception on Capitol Hill.

Click below to email NTCIC Director of Public Policy Michael Phillips for more information or to learn how you can participate in advocacy efforts.

BACKGROUND

As Congress prepares for the 2024 elections and a major tax policy overhaul in 2025, the urgency to address expiring tax provisions from the 2017 Tax Cuts and Jobs Act increases. Despite delays, the upcoming legislative session will be crucial for major tax decisions affecting individuals and corporations.

The Historic Tax Credit (HTC) is vital for revitalizing historic properties and preserving our heritage. However, its use has declined by over 20 percent compared to pre-pandemic levels. It’s crucial to emphasize the HTC’s positive impact on communities and push for improvements.

Support the Historic Tax Credit Growth and Opportunity Act (H.R. 1785 / S.639) to enhance the HTC, ensuring its effectiveness and reversing the decline in use. Strengthening the HTC will promote economic growth and preserve historic landmarks for future generations. Join us in advocating for this vital legislation to secure the future of historic preservation in America.