A Survey of State Historic Tax Credits

Historic tax credits are common at the state level—though they are contested and championed on a recurring basis all over the country.

1 minute read

January 25, 2017, 11:00 AM PST

By James Brasuell @CasualBrasuell


Los Angeles Downtown Historic Core

Omar Bárcena / Flickr

Renee Kuhlman writes a report for the National Trust for Historic Preservation's Preservation Leadership Forum that surveys the country for state historic tax credits. The result: "34 states currently use Historic Tax Credits (HTCs) to encourage the redevelopment and preservation of qualifying historic buildings." The number of states with HTCs compares well to state with other types of tax credits, like Low Income Housing Tax Credits (18 states) and New Market Tax Credits (12 states).

Kuhlman credits the expansion of the number of states with HTCs to the leadership of National Trust President Richard Moe. When Moe took the job in 1994, explains Kuhlman, only eight states had HTCs.

As Kuhlman notes, however, HTCs have lapsed or been defeated in some states in recent years, such as Michigan, California, Indiana, and Alabama. The article includes positive developments for HTCs in states like Illinois, Virginia, Oklahoma, and Kentucky. Underlying all of the state examples of HTCs, is the federal HTC, which will be up for debate as the current Congress considers tax reform.

The article includes links to a few helpful resources for those looking to research historic tax credits in more detail.

Saturday, January 14, 2017 in National Trust For Historic Preservation

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