Federal tax credits for historic building renovations face uncertain future

November 27, 2017

As of the end of 2016, the program had been used to rehabilitate 42,293 historic buildings across the country and created more than 2.4 million jobs, the advocacy groups said.

study by Rutgers University’s Edward J. Bloustein School of Planning and Public Policy commissioned by the National Park Service found that the program has a net benefit to the U.S. Treasury.

For the $25.2 billion in credits allocated during the lifespan of the program, it has produced $29.8 billion in federal tax revenue, according to study.

Upstate Business Journal, November 27, 2017

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