On February 21, Preservation Detroit traveled to Lansing for the Michigan Historic Preservation Network’s 2017 Advocacy Day, joining advocates from across the state to meet with legislators and remind them of the important social and economic impacts of historic preservation in their districts. The day was a powerful reminder of the powerful impact of preserving our cultural and architectural heritage and our job as advocates continues!
While HB 5232 and SB 720, which threatened to undermine Public Act 169 of 1970 and decimate Michigan’s historic districts was quashed in 2016, new legislative threats to our historic properties and the programs that incentivize their rehabilitation are mounting. Proposed tax reform legislation places the federal Historic Tax Credit in danger — now is the time to speak up!
The Historic Tax Credit (HTC) is the most significant federal financial commitment to historic preservation. Over the last 36 years, the credit has created 2.3 million jobs, leveraged $117 billion in investment, and rehabilitated more than 41,250 buildings — all while generating enough in federal revenue to pay for itself. As lawmakers are drafting tax reform legislation, members of Congress (especially those on the House Ways and Means Committee and the Senate Finance Committee) need to hear from constituents in support of the Historic Tax Credit.
Resources are available to assist you with letter writing and educating your representatives and fellow constituents. Don’t forget that sharing the impact of historic preservation with neighbors, colleagues and friends is also important! Preservation Action has created a Historic Tax Credit Fact Sheet and Novogradac & Company has created a fascinating interactive map showing tax credit projects by location.
PRESERVATION MAKES AN IMPACT!