It’s difficult to track moving legislation, especially during budget season. We are monitoring the Historic Tax Credit Growth and Opportunity Act (HTC-GO) as well as the Historic Preservation Fund (HPF). Here’s what you should know and how it affects you.

HTC-GO:
- The House released a draft tax bill that is moving through committees for mark-up before Memorial Day. 
- HTC is not mentioned. This is a positive change from 2017 when elimination was proposed. 

It means:
- If HTC-GO fails to progress, it is likely-- but not guaranteed-- that the current HTC will remain in place.

You can:
- Contact key Republican members of the Senate Finance Committee (listed below). 
Join advocacy efforts if you have a connection. Contact your Senators to urge collaboration with Sen. Cassidy on S.1459. 
- Join HTC Lobby Day in person on June 11 by contacting Mike Phillips at mphillips@ntcic.com.

Senate Finance Committee members:
Chairman, Mike Crapo (R-ID)
Sen. Chuck Grassley (R-IA)
Sen. John Cornyn (R-TX)
Sen. John Thune (R-SD)
Sen. Tim Scott (R-SC)
Sen. Bill Cassidy (R-LA)
Sen. James Lankford (R-OK)
Sen. Steve Daines (R-MT)
Sen. Todd Young (R-IN)
Sen. John Barrasso (R-WY)
Sen. Ron Johnson (R-WI)
Sen. Thom Tillis (R-NC)
Sen. Marsha Blackburn (R-TN)
Sen. Roger Marshall (R-KS)

HPF:
- President Trump’s proposed FY26 budget nearly eliminates the HPF.
- Funds authorized in FY25 have not been released. 
- The HPF is funded by offshore oil and gas leases, not general revenue. 

It means:
- No funds for State Historic Preservation Offices (SHPOs), Tribal Historic Preservation Offices (THPOs), grants and other programs.
- Staff cuts, which could slow reviews for historic tax credit applications, National Register nominations, and environmental compliance projects. 
- No funds for community preservation activities.

You can:
- Ask your Congressperson to sign onto the Turner-Leger Fernandez “dear colleague” letter by Friday, May 16.
- Remember: Historic preservation has enjoyed bipartisan support for nearly 60 years.

Have an idea or want additional details? Contact us at the link below:

https://heritage-consulting.com/contact/