Monday, March 28, 2011 - 7:00AM

The National Park Service (NPS) has released its annual report for fiscal year (FY) 2010 on the historic tax credit (HTC) program. The report, Federal Tax Incentives for Rehabilitating Historic Buildings: Annual Report for Fiscal Year 2010, includes information about the program’s use and performance throughout FY 2010. According to the NPS, the HTC has spurred $3.42 billion in new rehabilitation work, which created 41,641 jobs and 5,514 low- and moderate-income housing units. Along with the annual report, the NPS released Federal Tax Incentives for Rehabilitating Historic Buildings: Statistical Report and Analysis for Fiscal Year 2010. The statistical report provides a more detailed analysis of the program, including state-by-state project activity and program trends over time.

Learn more about the HTC by attending The National Historic Tax Credit Conference: Credits and Capital, April 7-8, in Cleveland, Ohio. Questions about the HTC? Call Charlie Rhuda, CPA, at 617-330-1920 or Tom Boccia, CPA, at 216-298-9000.

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