How Does the Historic Tax Credit Contribute to the Economy?

Published by Michael Novogradac on Friday, September 18, 2015 - 12:00am

As reported Monday on www.historictaxcredits.com, the National Park Service (NPS) and Rutgers University on Sept. 14 released the Annual Report on the Economic Impact of the Federal Historic Tax Credit for FY 2014.

Among other things, 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.

Here are some other highlights from this year’s report:

 

Blog Graph Federal HTC National Economic Impacts
Click to Enlarge

 

Previous years’ reports from the NPS and Rutgers can be found online here.