Urgent Advocacy Needed to Support Federal Historic Tax Credit Initiatives
As you may have heard, the recent U.S. House infrastructure legislation included provisions to improve the federal historic tax credit - improving its functionality here in New York!
Congressional leaders are currently negotiating with the Biden Administration over a $3.5 trillion package, which includes a number of community development incentives, to include historic tax credit improvements. The result of these negotiations is likely a drastic reduction in these earmarked funds - which insiders predict could be as low at $1.5 trillion.
Preservation advocates from across New York State have joined together to pen this letter of support for the federal historic tax credit provisions to Senate Majority Leader Schumer and Senator Gillibrand. However, there is still advocacy to be done.
WE NEED YOUR HELP TODAY TO STRESS THAT THESE PROVISIONS MUST REMAIN IN THE FINAL BILL
Specifically, here in New York - Senate Majority Leader Schumer and Senator Gillibrand need to hear from you on why you support these provisions.
Contact Senator Schumer's office via email or call the DC office at 202.224.6542.
Contact Senator Gillibrand's office via email or call the DC office at 202.224.4451.
What do I say to the members of their staff?
Introduce yourself and let them know you'd like to voice your support for historic tax credit provisions (they may direct you to a more appropriate staff member).
Thank the Senators for their support of the federal historic tax credit program over the years.
Express how the provisions in the letter benefit you/your business, your community, and the State of New York.
Do you have/know of a preservation project that these provisions will emphasize?
Are you concerned with historic sites disappearing from the New York landscape/lack of incentives to preserve them?
Do you live in an economically challenged and/or rural part of New York that could benefit from these provisions?