Home | news | Press Releases

Press Releases

Carter Applauds Protection of Federal Historic Preservation Tax Incentives

f t # e
Washington, December 15, 2017 | comments
Congressman Earl L. "Buddy" Carter (R-Ga.) today praised the conferenced version of the Tax Cuts and Jobs Act which maintains the Federal Historic Preservation Tax Incentives program. Carter fought to protect these historic tax credits in the final agreement. 

"As soon as I heard these historic tax credits were on the line, I went straight to the chairman of the House Ways and Means Committee," said Carter. "I told him how lucky I am to be from one of the most beautiful places in the world, and an important part of this beauty is the continued historic preservation across the district. I also told him what I heard from constituents in the First District of Georgia to make sure he knew how important this program is for our area. Throughout the negotiations we maintained this dialogue and I am thrilled to see the program has been preserved to help protect the charm of our great cities for generations to come."

The Federal Historic Preservation Tax Incentives program encourages private sector investment in the rehabilitation and re-use of historic buildings. 

The program was eliminated in the original House version of the Tax Cuts and Jobs Act and modified in the Senate version. The final compromised version released today maintains the program and requires that the credit has to be claimed over five years.
f t # e