Leading preservation economics firm, PlaceEconomics recently completed an analysis of Baltimore City’s Historic Preservation Tax Credit program that supports positive assumptions about the value of the credit, and brings to light new information about the use and benefit of the credit in communities across the city.
In late August, the Taxation, Finance, & Economic Development Committee of the Baltimore City Council returned a favorable report on Council Bill 20-0552, which extends the city’s historic tax credit through 2022. The bill now moves on to the full City Council, and we need you now to reach out to your councilperson and ask them to support this legislation.
The House of Representatives has passed The Moving Forward Act (H.R. 2), a comprehensive infrastructure bill that includes enhancements and temporary emergency measures for the federal Historic Tax Credit, thanks in part to the advocacy of Preservation Maryland and our national partners.