NTCIC Public Policy Team
NTCIC uses its public policy expertise to keep its HTC clients informed of legislative and regulatory changes that may impact their historic tax credit transactions. This includes providing information on likely outcomes to legislative and regulatory discussions underway and interpreting new laws and regulations as they relate to projects in the pre-development, construction and compliance periods. NTCIC also notifies its clients of advocacy opportunities they may have to influence their Member of Congress about the importance of the HTC to their businesses. John Leith-Tetrault, NTCIC’s Public Policy Advisor, also contributes his wealth of industry experience as Chairman of the HTCC.
National Trust for Historic Preservation
NTHP is the lead partner in the HTC Campaign that includes congressional lobbying, grass-tops and grass-roots advocacy and the development of briefing materials, national studies and GIS-based mapping of HTC project locations. Four years after its inception, the HTC Campaign has become a sophisticated advocacy framework, capable of coordinating state and local advocacy efforts, and responding quickly to the changing dynamics on Capitol Hill. The campaign has made significant progress raising awareness and building support for the HTC. From initially conveying the legislative threat to the program to recognizing the opportunity to positively reform the program, the campaign has catalyzed a strong network of engaged stakeholders throughout the country who are communicating with their elected officials about the importance of historic tax credits to communities of all sizes.
Historic Tax Credit Coalition
The HTCC engages in high-level policy discussions with lawmakers and administration officials on a number of important HTC issues, including tax reform, Revenue Procedure 2014-12, new IRS regulations related to 50(d) income and improvements in the National Park Service approval process. The HTCC uses a broad and ongoing strategy to educate key decision makers about the value of the HTC including research on the economic impact of the HTC in collaboration with the NPS and the Rutgers University Center for Urban Policy Research.
SIGN ON YOUR ORGANIZATION IN SUPPORT OF THE HTC
The National Trust for Historic Preservation, Historic Tax Credit Coalition, Preservation Action, National Conference of State Historic Preservation Officers, and the National Main Street Center has developed a stakeholder organization sign-on letter. The letter calls on the House Ways and Means and Senate Finance Committee Chairmen to protect the HTC in tax reform.