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General Interest & Miscellaneous News
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Congress Starts Lame Duck Session, Several Legislative Items Important to Preservation Could be Considered
Historic Preservation Blog from PreservationDirectory.com -
Contributed By: National Trust Community Investment Corporation
Website: https://ntcic.com/news-blog/htcactionalert/

This week, Congress returned to Washington for the start of the lame duck session. It is unsure how long the lame duck session will last, but several important agenda items could impact preservation priorities. One of the most pressing is passing the remaining FY19 appropriations bills, including the Interior Appropriations bill, before the current continuing resolution expires next Friday on December 7th. The House passed Interior Appropriations bill called for $101.41 million for the Historic Preservation Fund (HPF), while the Senate bill included $91.91 million. 

Urge your members of Congress to support the HPF funding levels approved in the House passed FY19 Interior Appropriations Bill. Call the Capitol Switchboard at (202) 225-3221 and ask to be connected to your Representative or Senators' office. Explain the HPF is funded through oil and gas lease revenue, not tax payer dollars and the HPF funds the work of State and Tribal Historic Preservation Officers and critically important grant programs that help support preservation projects across the country, including in their district/state.

Legislators are also considering a year-end tax bill. Supporters of the Historic Tax Credit Enhancement Act (HTCEA) see an opportunity to include the HTCEA in a final draft of a year-end tax bill. The HTCEA would eliminate the basis adjustment requirement for HTC transactions, restoring some of the value lost by the requirement that the credit be taken over 5 years. The tax and oversight package released this week does not include the provision, but changes could still be made. Urge your members of Congress to co-sponsor the HTCEA (H.R 6081, S. 3058) and ask legislators to include the bill in year-end tax legislation.


Posted: November 30, 2018
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