Preserve Arkansas weighs in on national preservation issues that affect Arkansans. The most recent issues are discussed below.
On May 17, 2019, legislation was introduced in the U.S. House of Representatives that would make important changes to the Historic Tax Credit. The bipartisan Historic Tax Credit Growth and Opportunity Act (HTC-GO) closely resembles a combination of the Historic Tax Credit Improvement Act and the Historic Tax Credit Enhancement Act of the 115th Congress. The legislation would bring more value to historic tax credits and improve access to the credit and investment for smaller rehabilitation projects.
The legislation was introduced in the House of Representatives by Congressmen Earl Blumenauer (D-OR), Darin LaHood (R-IL), Terri Sewell (D-AL) and Mike Kelly (R-PA). Senate introduction of similar legislation is expected soon.
HTC-GO brings more value to HTC transactions and encourages redevelopment of smaller, income-producing properties by: