Maryland Senator Ben Cardin at the Phillips Packing Plant, Historic Tax Credit project on Maryland's eastern shore.

New Federal Historic Tax Credit Legislation Introduced

06/15/2018
By Preservation Maryland

On June 13, Maryland Senator Ben Cardin joined with a bi-partisan group of legislators from around the nation to introduce legislation that would substantially improve the federal historic tax credit.

The new legislation would enhance the value of historic tax credit investments from urban cores to rural Main streets across the country, while also keeping most of the associated cost savings from the tax reform modifications in place. The legislation would also eliminate burdensome adjusted basis requirements of the credit which have the effect of preventing smaller rehabilitation projects from taking advantage of the program.

Sponsors anticipate there may be an opportunity to attach the legislation a larger legislative package that is likely to move through Congress toward the end of the year.

Get Involved & take action

Preservation advocates are encouraged to contact their members of congress to express support for the proposal and to ask them to add their name as a co-sponsor to the legislation.

Contact your House member 

Contact your Senator

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Preservation Maryland

Preservation Maryland is Maryland’s first and largest organization dedicated to preserving the state’s historic buildings, neighborhoods, landscapes, and archaeological sites.

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