Tax reform threatens historic buildings

October 25, 2017

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 revenue. This is a return of $1.20 on each dollar in tax credits awarded, according to data collected by the Rutgers Center for Urban Policy Research.

In fact, the federal program works so well that Ohio pairs it with its own historic tax credits, which provide a return of $6.20 in taxes generated for every dollar the state forgoes through its tax credit.

Columbus Dispatch, October 24, 2017

Recent Posts

Sophia Jones, Committed to Cultural Competence

Sophia Jones, PhD, has been a Public Health part-time lecturer at the Bloustein School since 2016. She was recently featured on "Meet the People of Rutgers." Sophia Jones, Committed to Cultural Competence Jeff Arban/Rutgers University The Basics Title: Program...

Upcoming Events

Lunch and Learn: Health and Housing Equity Cluster

Bloustein School, Civic Square Building 33 Livingston Avenue, New Brunswick, NJ, United States

The Rutgers Housing & Health Equity Cluster would like to invite you to join us for an in-person lunch and learn. All are welcome to bring lunch and eat during […]

Event Series CAREERS

Career Virtual Drop-ins

Virtual

Bloustein Career Development Specialists Cheryl Egan and Andrea Garrido will be in a Zoom Room on Monday's beginning January 22, 2024 (excluding holidays and spring break) to answer questions, provide […]