Help SAVE the Federal Historic Tax Credit!

Downtown Shreveport is coming back. Beautiful historic buildings are being rehabbed into apartments, condos, businesses and offices. The cost of rehabbing century-old structures, many with deferred maintenance, is high, and the numbers sometimes will only work with the assistance of the Federal Historic Tax Credit (HTC), begun by President Ronald Reagan. This credit is now being threatened and we need your help to save it and to help save more of our historic places.  The just-released House Tax Reform bill has eliminated the HTC. We know that the Historic Tax Credit has a proven track record of creating jobs, spurring private investment, and generating fiscal revenue. While the Tax Reform bill is intended to stimulate economic growth, elimination of the federal historic tax credits undermines the revitalization of our older and historic towns and cities. This includes Shreveport, Monroe, Alexandria, and Natchitoches, all cities that have seen rehabs due in part to HTC. Congress will begin debate on this bill next week with a vote expected by mid-November. The Senate tax reform bill is expected to be released before Thanksgiving. Please ACT NOW to communicate the value of the Historic Tax Credit to our Representatives and Senators in Congress. How can you take action right now? Contact House and Senate Members! Call during office hours. Ask to speak to tax staff or ask for a tax staffers email address....

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