Sign Up For Novogradac Industry Alert Emails

Study: Historic Tax Credit Yields Net Benefit to Treasury

Wednesday, September 9, 2015 - 3:30PM

The National Park Service (NPS) and Rutgers University today released the Annual Report on the Economic Impact of the Federal Historic Tax Credit for FY 2014. The report reveals that the historic tax credit (HTC) yields a net benefit to the Treasury Department, generating $28.6 billion in federal tax receipts since the program’s inception, compared to $22.6 billion in credits allocated. From fiscal years 1978 through 2014, those $22.6 billion in federal HTCs allocated spurred $117.6 billion (in inflation-adjusted 2014 dollars) in historic rehabilitation. Those investments generated about 2.5 million new jobs and billions of dollars in direct and secondary economic gains.

Join industry experts to discuss these findings and what lies ahead for the HTC community at the Novogradac Historic Tax Credit Conference in San Antonio, Sept. 17-18.

Learn more about Novogradac's expertise and many services