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Legislation & Public Policy Issues in Preservation     


Legislation & Public Policy Issues in Preservation
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Co-sponsor Push Begins in Senate for Tax Amendments Bill
Historic Preservation Blog from PreservationDirectory.com - Blanche Lincoln, Gordon Smith, Community Restoration and Revitalization Act of 2007, Charles Rangel
Contributed By: The National Trust for Historic Preservation's Department of Public Policy
Email The Author: pr@nthp.org
Website: http://www.nthp.org

Senators Blanche Lincoln (D-AR) and Gordon Smith (R-OR) circulated a “Dear Colleague” letter this week in support of the “Community Restoration and Revitalization Act of 2007” (S. 584) in an effort to jumpstart support for their bill, which would amend and improve the existing federal rehabilitation tax credit. To date, S. 584 has seven cosponsors and preservationists are hoping that the letter will boost co-sponsorship up to 30 or more Senators before the end of the congressional session.

The National Trust and its partners hope to have 100 cosponsors for the companion bill (HR 1043) in the House as well to serve as base of support for the proposed amendments to the rehab tax credit, which may be included in an affordable housing tax package that House Ways and Means chairman Charles Rangel (D-NY) is assembling for introduction at the start of the next session in January.

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


Keywords: Blanche Lincoln, Gordon Smith, Community Restoration and Revitalization Act of 2007, Charles Rangel

Posted: November 6, 2007
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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