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Legislation & Public Policy Issues in Preservation     


Legislation & Public Policy Issues in Preservation
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Rehabilitation of Historic Schools Act Introduced in House and Senate
Historic Preservation Blog from PreservationDirectory.com - rehabilitation of Historic Schools Act of 2010, National Trust for HIstoric Preservation
Contributed By: The National Trust for Historic Preservation's Department of Public Policy
Website: http://www.nthp.org

Rep. Eric Cantor (R-VA) and, more recently, Sen. Jim Webb (D-VA) have introduced the “rehabilitation of Historic Schools Act of 2010”(HR 4135/S. 2970), legislation that would exempt public school rehabilitation from the tax-exempt use exception to the existing federal rehabilitation tax credit. The National Trust supports these bills and advocates for the continued use of older and historic neighborhood schools as an anchor for healthy communities.

With school renovation backlog costs in the billions nationwide, the National Trust believes the exemption for public schools would spur additional rehab of older and historic schools using the 20 percent federal rehabilitation tax credit that might not otherwise qualify for existing school renovation funds that directly target new construction.

Reprinted by permission of the Public Policy Department of the National Trust


Keywords: rehabilitation of Historic Schools Act of 2010, National Trust for HIstoric Preservation

Posted: March 6, 2010
Unless noted, the thoughts and opinions expressed in the article are solely that of the
author and not necessarily the opinion of the editors of PreservationDirectory.com.
   



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