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Disaster Assistance for Historic Properties Not Included in Tax Extenders Package in Senate
Historic Preservation Blog from PreservationDirectory.com - Public Policy Department of the National Trust for Historic Preservation
Contributed By: The National Trust for Historic Preservation's Department of Public Policy
Email The Author: pr@nthp.org
Website: http://www.nthp.org

Senate Finance Committee chairman Max Baucus (D-MT) unveiled a tax extenders package (S. 3335) late Thursday that also includes a $68.9 million disaster-relief title and a one-year patch to the Alternative Minimum Tax. No offsets are included for the disaster-relief portion of the bill, which did not include an increase in the federal rehab credit to 26 percent for flood damaged historic properties in the affected Midwest states.

As previously reported, the National Trust and its preservation partners were advocating for an increase in the historic rehab credit from 20 percent to 26 percent and from 20 percent to 40 percent for “special projects” in affected states. However, the proposal met with resistance in the House and was not included in the extenders package.

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


Keywords: Public Policy Department of the National Trust for Historic Preservation

Posted: July 28, 2008
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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