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SECOND ANNUAL STUDY SHOWS POSITIVE ECONOMIC IMPACT OF HISTORIC TAX CREDITS

Wednesday, June 1, 2011 - 7:00AM

The Historic Tax Credit Coalition and Rutgers University today released their annual study on the economic impact of the federal historic tax credit (HTC). This year's report shows that the federal HTC continues to outpace other economic activities such as highway construction, manufacturing and service sector industries in its ability to generate jobs, labor income, taxes and gross domestic product. The Second Annual Report on the Economic Impact of the Federal Historic Tax Credit analyzes the economic impact of the federal HTC and concludes that the historic tax credit is a highly efficient job creator—accounting for the creation of 2 million new jobs over the life of the program, 145,000 of which were generated in the past two years. The study was conducted by researchers at the Edward J. Bloustein School of Planning and Public Policy, Rutgers, the State University of New Jersey, and commissioned by the Historic Tax Credit Coalition, a public policy advocacy organization. 

Read more about the report from Historic Tax Credit Coalition Chairman John Leith-Tetrault in his monthly History and the Hill column in the June issue of the Novogradac Journal of Tax Credits.

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