Federal HTC: Positive Economic Impacts for New York State

Federal Historic Tax Credit Program | Positive Economic Impacts for New York State

The impact of historic preservation goes far beyond that of preserving historic architecture and our history. Positive economic results are achieved through the federal historic tax credit program, which can be credited with stimulating investment, creating jobs, generating taxes, and increasing income/GDP/Output. The National Park Service along with Rutgers prepares a yearly report on the Economic Impact of the Federal Historic Tax Credit. While the 2019 report is not yet available, the Preservation League has estimated the 2019 data in the interim and provides a look between those estimates and the program numbers from FY 2014-2018.