Federal tax credits for historic building renovations face uncertain future

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. A 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 […]

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Historic building tax credit alive in US Senate, future uncertain in House

According to a 2016 report by Rutgers University’s Edward J. Bloustein School of Planning and Public Policy, the federal historic tax credit cost the U.S. Treasury $25.2 billion and generated $29.8 billion in taxes since the program’s inception in 1978. The report says that in 2016, the program created 109,000 jobs and generated a combined […]

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Tax reform threatens historic buildings

As the GOP undertakes comprehensive tax reform, it should restore the Federal Historic Tax Credit, a program that preserves America’s irreplaceable historic buildings, generates jobs and more than pays for itself. It simply makes no sense to jettison an incentive that, since its inception in 1976, has generated more than $29.9 billion in federal tax […]

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Do business tax incentives work? Let’s ask Rutgers. | Editorial

After years of heated debate, we may finally get the answers we desperately need on our state’s corporate tax incentive program. The Edward J. Bloustein School of Planning and Public Policy has agreed to analyze the state’s two major tax incentive programs, the Grow New Jersey Assistance Program and the Economic Redevelopment and Growth Program. […]

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