Historic tax credits are common at the state level—though they are contested and championed on a recurring basis all over the country.
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.
FULL STORY: The State of State Historic Tax Credits
The Surprising Oil Tax in the Inflation Reduction Act
President Biden has made reducing gas prices paramount in his administration, so it was likely a surprise to hear a Republican senator last Sunday warn TV viewers that a revived and increased oil fee in the climate bill will increase their gas costs.
Missing From the Climate-Energy Legislation: Bikes!
Missing from the Democrats' Inflation Reduction Act, the significant climate legislation which passed the Senate on a 51-50 party-line vote on Sunday with Vice President Harris casting the tie-breaking vote, is any mention of bikes.
Low-Income Housing Tax Credits Lose Luster in the Post-GOP Tax Reform World
Fewer people investing in low-income housing tax credits means fewer affordable housing units being built—at a time when affordable units are in extremely short supply.
Seattle Legalizes Co-Living
A new state law requires all Washington cities to allow co-living facilities in areas zoned for multifamily housing.
Central Florida’s SunRail Plans Major Expansion
The expanded train line will connect more destinations to the international airport and other important destinations.
NYC Officials Announce Broadway Pedestrianization Project
Two blocks of the marquee street will become mostly car-free public spaces.
Santa Monica Lowers Speed Limits
Posted speed limits will be reduced by 5 miles per hour on dozens of the city’s streets.
For Some, Co-Housing Offers Social and Economic Benefits
Residents of co-living developments say the built-in community helps ease the growing isolation felt by many Americans.
New Map Puts Bay Area Traffic Data in One Place
The Traffic Monitoring site uses community-collected speed and volume data to reveal traffic patterns on local roads.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Heyer Gruel & Associates PA
Caltrans
Los Alamos County
American Planning Association, Sustainable Communities Division
HUDs Office of Policy Development and Research
HUDs Office of Policy Development and Research
City of Cambridge, Maryland
Newport County Development Council: Connect Greater Newport
Rockdale County Board of Commissioners