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House Passes $3.5 Trillion Budget Resolution. Urge Support for Historic Tax Credit Enhancements
Historic Preservation Blog from PreservationDirectory.com -
Contributed By: Preservation Action
Website: https://preservationaction.org/htc-go-alert/

From Preservation Action:

This week the House voted 220-212, on a party-line vote, to adopt the $3.5 trillion budget reconciliation framework that previously passed the Senate. The adoption of the budget reconciliation sets up the consideration of a larger infrastructure package focused on more human and climate related infrastructure priorities, that could avoid a Senate filibuster, allowing it to pass with just Democrat votes. As part of an agreement between House leadership and a group of 10 moderate Democrats, the House made a commitment to take up the bipartisan $1.2 trillion infrastructure package by September 27th, just before the surface transportation authorizations are set to expire on October 1st. The bipartisan Infrastructure Investment and Jobs Act passed the Senate earlier this month and includes funding for physical infrastructure like roads, bridges, railways, airports, transit and broadband.

The adoption of the reconciliation budget means House committees will begin drafting their portions of the bill over the next few weeks. Committees have a September 15th deadline to have their portions of the reconciliation package ready for the Budget Committee. This presents a prime opportunity for preservation advocates to reach out to your members of Congress. We have a strong opportunity to include provisions from the Historic Tax Credit Growth and Opportunity Act (HTC-GO) that expand and enhance the HTC, in the reconciliation package, but we need your help!

Take Action!
  • Reach out to your Representative and Senators and urge them to support and cosponsor the Historic Tax Credit Growth and Opportunity Act (H.R. 2294S. 2266). If your Representative or Senators have already cosponsored, thank them! 
  • Urge your lawmakers to include the provisions of the HTC-GO in the budget reconciliation bill.
  • Let them know how the HTC-GO Act will benefit historic rehabilitation projects in your community.
  • If you have a contact in your members' office, reach out to them directly.
  • Preservation Action has also made it easy for you to take action. Easily edit and send a sample letter to your Representative and Senators today!


Posted: August 29, 2021
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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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