Search Results for ‘historic tax credit’

Historic Footer Dye Works building, historic tax credit project in Cumberland, MD.

01/07/2019
By Preservation Maryland

Op-Ed: Historic Tax Credits Need More Funding

On Monday, January 7, 2019, The Baltimore Sun published an Op-Ed by Preservation Maryland Executive Director, Nicholas A. Redding, calling for stronger support for the state Historic Tax Credit.

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As a result of Preservation Maryland’s ongoing and sustained advocacy $9 million more historic tax credit projects were funded across the Old Line State. As a result, nearly $58 million worth of projects will move forward – underscoring the importance of preservation advocacy.

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American Brewery, Historic Tax Credit project in Baltimore, Maryland.

11/19/2018
By Elly Colmers Cowan

Support the Historic Tax Credit Enhancement Act

Last year, Preservation Maryland and our partners from across the country worked with members of Congress to retain the Historic Tax Credit (HTC) in a reformed tax code. While we were successful in keeping the HTC as a permanent tax credit, the credit is now taken over 5 years, resulting in a loss of value.

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The National Park Service recently released their Annual Report on the Economic Impact of the Federal Historic Tax Credit for FY 2017 and its good news for historic communities across Maryland and around the country.

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

06/15/2018
By Preservation Maryland

New Federal Historic Tax Credit Legislation Introduced

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.

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The Maryland League of Conservation Voters Education Fund has just released a report, Vision 2025: Issue Guide, outlining major conservation issues that Maryland will face over the next four years – including the Historic Tax Credit.

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Preservation Maryland has been working hard on two important pieces of legislation to improve our state Historic Tax Credit program. With the Maryland General Assembly in Session for just over a month more, now is a great time to contact your legislators and ask them to support historic preservation in Maryland. Here’s how:

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A pro-preservation piece of state legislation in support of increased funding for the state Historic Tax Credit has been picked up by the Maryland League of Conservation Voters as part of their influential weekly list of bills that impact Maryland’s environment — helping to continue to make the connection that the greenest building is the one that is already built.

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On January 8, 2018, Senator Bill Ferguson of Baltimore City’s District 46 announced two new pieces of legislation that, if passed, will strengthen this key revitalization and community development tool.

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On Monday, January 8, 2018 at 2PM at the historic I.C. Isaacs & Co. complex, community development and preservation advocates will join with elected officials to celebrate the planned rehabilitation of the former manufacturing facility and to call on state leaders to increase funding for the state Historic Tax Credit program.

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