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Texas State HTC Has Created Investment of More than $2.6 Billion Since 2015

Friday, November 20, 2020 - 8:30AM

The Texas historic preservation tax credit (HTC) has resulted in 243 properties being completed and an investment of more than $2.6 billion in historic buildings since 2015, according to a report from the Texas Historical Commission. The report estimates that the state HTC has supported more than 54,000 jobs in the state with more than $3.2 billion in wages and income during that time. The report also estimates that $53.9 million in state taxes and $181.6 million n local taxes have been generated. The Texas state HTC provides a credit equal to 25 percent of qualified expenses.

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