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listen up gop tax reformers. preserving treasured landmarks makes ‘economic good sense’.

Home newslifestylelisten up gop tax reformers. preserving treasured landmarks makes ‘economic good sense’.

listen up gop tax reformers. preserving treasured landmarks makes ‘economic good sense’.

Nov 24, 2017 | lifestyle |
listen up gop tax reformers. preserving treasured landmarks makes ‘economic good sense’.
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union station chicago / graham anderson probst and white 1925 // above > renovation goettsch partners 2016 courtesy goettsch partners

the federal historic tax credit, forms an essential part of the financial foundation on which the preservation of america’s past is built. research shows it doesn’t just preserve treasured landmarks, help revitalize economically depressed areas, and create much-needed jobs and housing. it results in a net gain in tax revenue. via chicago tribune

fast facts about the historic tax credit

over the life of the program, the historic rehabilitation tax credit (htc) has:

created more than 2.4 million good-paying local jobs;
leveraged $131.8 billion in private investment in our communities;
used $25.2 billion in tax credits to generate more than $29.8 billion in federal tax revenue;
and preserved more than 42,293 buildings that form the historic fabric of our nation.

#historictaxcredit

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DesignApplause (DA) is an architecture and design online narrative with over 5,000 interdisciplinary photo-rich articles and editorials. from interviews with significant creative forces such as founders/owners, architects, artists, critics/curators, designers, educators, historians and producers, to the discovery of front-line architecture and innovative products, DA is read by a worldwide audience.

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