FEDERAL LEGISLATIVE ISSUES
Federal Historic Tax Credit Program. The FHTC is the backbone of historic preservation efforts in Illinois and throughout the nation. Its elimination would bring a virtual halt to historic rehabilitation projects. While Congress is not expected to pursue tax reform again until 2017, it is important to show Illinois’ congressional delegation successful FHTC projects in their districts.
Photo: In 2014, the Woodstock Theater (1927) underwent a $1.5 million renovation by Classic Cinemas using the Federal Historic Tax Credit (credit: Jim DeWane)Learn More