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General Interest & Miscellaneous News     


General Interest & Miscellaneous News
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California Historic Rehabilitation Tax Credit Passed
Historic Preservation Blog from PreservationDirectory.com -
Contributed By: California Preservation Foundation
Email The Author: cpf@californiapreservation.org
Website: https://californiapreservation.org/advocacy/2019-tax-credits-bill/?fbclid=IwAR1OiidLNO3dLKEXD1dRmDPjKSe8aOCe0bU1kSjjauecgC0-zynJHXsIYsw

On October 9th, Governor Gavin Newsom signed SB 451, the California Historic Rehabilitation Tax Credit, adding California to the list of more than 35 states that have passed such incentivizes. The bill, which passed both the Senate and the Assembly with unanimous approval, will enable the renewal of aging structures and communities throughout the state, and promote the development of affordable housing.

While SB 451 was introduced in February by Senate President pro Tempore Toni G. Atkins, it built on work we did in 2014, with the collaboration of the American Institute of Architects, California Council (AIACC). The California Preservation Foundation and the AIACC are co-sponsors of this crucial legislation. The passage of this bill cost CPF more than $40,000 in direct and indirect costs to get through the legislature, and will require annual lobbying to ensure it continued allocation. Join us in this fight by making a donation to the Advocacy Fund today. Your donation will be matched dollar for dollar (up to $50,000) and will help us move this important bill forward.


Posted: October 10, 2019
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Unless noted, the thoughts and opinions expressed in the article are solely that of the
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