| |
 |
|
Federal
Legislative Issues
New Preservation Legislation Introduced in the House of Representatives for Owners of Commercial Buildings and Historic Homes.
The Creating American Prosperity through Preservation Act (CAPP) (H.R. 2479) is the latest effort to make amendments to the federal historic tax credit program. (Previous bills, under the name the Community Restoration and Revitalization Act (CRRA), had been introduced in 2005, 2007 and 2009, but had never passed).
H.R. 2479 was introduced by U.S. Rep. Aaron Schock (R-IL) of Peoria on July 8, 2011.
CAPP intends
to make several needed improvements to the Federal
Rehabilitation Tax Credit Program. These include
deepening the program’s effectiveness for smaller
commercial main street projects and proposing tax
credits for making historic buildings energy-efficient.
H.R. 2479 Press Release
What You Can
Do
Check the list of legislators (below) in Illinois who signed-on as co-sponsors of the previous CRRA bills. If any represent your district, please thank them for their previous support and encourage them to support
CAPP – H.R. 2479. If your representative has not supported this legislation before, please ask them to do so.
Illinois
legislators who co-sponsored the CRRA in past years:
|
Rep. Jerry Costello
(D-12) |
2005/06, 2007/08,
2009/10 |
|
Rep. Danny Davis
(D-7)
|
2005/06, 2007/08,
2009/10 |
|
Rep. Rahm Emanuel
(D-5) |
2007/08 |
|
Rep. Lane Evans
(D-17) |
2005/06 |
|
Rep. Luis Gutierrez
(D-4) |
2005/06, 2007/08, 2009/10
|
|
Rep. Phil Hare
(D-17) |
2009/10 |
|
Rep. Jesse Jackson, Jr.
(D-2) |
2007/08 |
|
Rep. Tim Johnson
(R-15) |
2007/08 |
|
Rep. Mark Kirk
(R-10) |
2007/08 |
|
Rep. Ray LaHood
(R-18) |
2005/06, 2007/08 |
|
Rep. Donald Manzullo
(R-16) |
2007/08 |
|
Rep. Mike Quigley
(D-5) |
2009/10 |
|
Rep. Jan Schakowsky
(D-9) |
2005/06, 2007/08,
2009/10 |
|
Rep. Aaron Schock
(R-18) |
2009/10 |
The
Historic Homeownership Revitalization Act (HHRA) (H.R.
2555) creates a new federal tax incentive for owners
who rehabilitate their historic homes. H.R. 2555 was
introduced by U.S. Reps. Michael Turner (R-OH) and Russ
Carnahan (D-MO) on July 15, 2011.
What You
Can Do
Please ask
your congressional representative to support these important bills. Together, the CAPP and HHRA will help revitalize
commercial districts and residential neighborhoods. A “Dear Colleague” letter has been issued for the CAPP legislation that you may provide to your legislator,
click here. For
more detailed information on both bills,
click here.
If you have
any questions, contact Lisa DiChiera, Director of
Advocacy, at
dichieral@lpci.org or call
her at (312) 922-1742.
Find your Illinois Legislators:
www.elections.illinois.gov.
|
|
