Recent News

Friday, September 21, 2018

The Advisory Council on Historic Preservation (ACHP) will hold its quarterly meeting Oct. 4, according to a document scheduled for publication Monday in the Federal Register. The meeting will begin at 8:30 a.m. in Room SR325 of the Russell Senate Office Building in Washington, D.C. The ACHP is an independent federal agency that advises the president and Congress on national historic preservation policy.

Monday, September 10, 2018

Rep. Kevin Brady, R-Texas, today highlighted the introduction of three bills that he said constitute the Tax Reform 2.0 package from Republicans on the House Ways and Means Committee. None of the bills contain provisions directly impacting affordable housing, community development or historic preservation programs. The legislation will lock in individual and small business tax cuts made in the legislation passed in December 2017, and reform savings- and education-related tax provisions.

Wednesday, August 8, 2018

The Illinois General Assembly Aug. 3 enrolled H.B. 5686 (Public Act 100-0695) to transfer the administration of the River Edge Redevelopment Zone and the state historic preservation tax credit pilot program from the State Historic Preservation Agency to the Department of Natural Resources.

 

Friday, July 27, 2018

Illinois Gov. Bruce Rauner signed legislation this week to expand the state’s River Edge historic tax credit (HTC) to the entire state. SB 3527 expands the 25 percent HTC–which was available to five cities previously–to the rest of the state, with a $15 million annual cap on a first-come, first-served basis. There is a $3 million project cap and the credit will sunset at the end of 2023.

Thursday, July 26, 2018

Delaware Gov. John Carney signed legislation increasing the state historic tax credit (HTC) cap for a single rehabilitation of an owner-occupied property from $20,000 to $30,000. SB212 applies to the 30 percent credit for property that is not eligible for the federal HTC.

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