CONGRESSMAN SEEKS TO MAKE HISTORIC TAX CREDIT RULES MORE USER FRIENDLY

Tuesday, March 8, 2011 - 8:00am

Rep. Brian Higgins, D-N.Y., yesterday announced his intention to work with the National Park Service (NPS) to facilitate changes in regulatory interpretations that create barriers for developers seeking to use federal and state historic tax credits (HTCs). In a letter, Rep. Higgins wrote that the NPS’s current interpretation of HTC regulations “could have a chilling effect on development.” Rep. Higgins says he looks forward to facilitating changes that alleviate the current obstacles and allow for the rebirth of historic properties.

Learn more about how to maximize HTCs next month at Novogradac & Company’s National Historic Tax Credit Conference: Credits and Capital, April 7 and 8 in Cleveland, Ohio.