Contact Minnesota’s U.S. Senators Amy Klobuchar and Tina Smith to advocate for improvements to the Federal Historic Tax Credit!
Background: The U.S. House Ways and Means committee included improvements and enhancements for the Federal Historic Tax Credit in the Infrastructure bill that passed the committee last week. National preservation groups have advocated for these changes for many years, mostly in the form of the Historic Tax Credit Growth and Opportunity (HTC-GO) Act, bipartisan bills that have been introduced in both the U.S. House and Senate. Both of the HTC-GO bills under consideration include provisions that would permanently add value to the HTC, improve access to the credit, and increase investment in smaller rehabilitation projects. With Congress negotiating an infrastructure spending package this week, now is a great opportunity to make building rehabilitation opportunities available to people and communities who have previously been left out – all while saving more buildings from demolition and increasing economic vitality at a time when local businesses and economies really need a boost.
Take Action: Click HERE to use the National Trust for Historic Preservation’s automated email template to send a message to Sen. Klobuchar, Sen. Smith, and your U.S. Representative. The letter urges them to include provisions of the HTC-GO bill in the budget reconciliation legislation focusing on human infrastructure priorities. Or better yet, follow the instructions from the NTCIC to reach out directly to Sen. Klobuchar’s and Sen. Smith’s offices.
Learn More: Do you have questions about how Historic Tax Credits actually work and want to learn more? Visit the Rethos blog for links to a recent article and podcast that help explain the complexities.
Stay Tuned: On November 16, we will officially launch the Rethos Policy Institute and honor four Minnesota legislators for their work to extend the Minnesota Historic Tax Credit until June 2022. Watch your inbox and our social media for more info!