Federal Legislative Issues

Call to Action: Help Us Save the Federal Historic Tax Credit!

The Federal Historic Tax Credit (FHTC) is at risk! This is a vital incentive to encourage the reuse and rehabilitation of historic buildings throughout the nation. It has generated over $2.3 billion in private development investment and helped create more than 22,000 jobs.

However, President-Elect Donald Trump and House Speaker Paul Ryan have said Congress would prioritize tax reform in the New Year and have a goal of drafting a tax reform bill in early January. The elimination of the FHTC could be included in such tax reform. Please help Landmarks Illinois and preservation organizations throughout the U.S. in advocating for the continuation of the FHTC, and ask members of Congress to show their support for the FHTC during tax reform discussions.

Here’s what you can do today:

  • Contact members of the Ways and Means Committee, and ask they explicitly voice their support for the FHTC during tax reform discussions. Current Illinois Ways and Means Committee members are: Rep. Peter Roskam, Rep. Danny Davis and Bob Dold.
  • Contact your U.S. Representative and ask they speak to Ways and Means Committee Chair Kevin Brady and other members of the committee to voice their support for the FHTC during tax reform discussions.
  • You can also show your support for H.R. 3846, The Historic Tax Credit Improvement Act, a bi-partisan bill that makes changes to the FHTC to further encourage reuse projects on main streets and in smaller communities. Please encourage your U.S. Representative to co-sponsor this important legislation, while also urging them to fight for this important economic incentive, which will continue to be threatened during tax reform.
  • Find your Representative here.

Federal Historic Tax Credit Projects

The Woodstock Theater is just one example of a historic preservation project in Illinois that used the Federal Historic Tax Credit to restopre a historically significant space.

You can view more FHTC projects in Illinois between 2004 and 2015 here.

Before Restoration

Prior to restoration, the historic character of the Woodstock Theater was hidden from view. (2011)

After Restoration

Restoration efforts at the Woodstock Theater brought back much of the building's historic character. (2014)

Historic Photo

A historic picture of the Woodstock Theater shows the building's original character and historic charm.

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