Please join the Northeast-Midwest Institute for a Congressional briefing on the impact that the Historic Tax Credit (HTC) Program has on the region's economy and the implications of tax reform for the HTC.
The Historic Tax Credit, first enacted in 1978 with leadership from the Northeast-Midwest Congressional Coalition, has long had bipartisan support in Congress. The HTC's mission of restoring and reusing historic buildings has supported the revival of our region's most distressed communities. It has stimulated the creation or retention of over 2.4 million jobs and leveraged nearly $132 billion in private investment since its inception, and has been a critical economic development tool for communities of all size in the Northeast-Midwest region. The Tax Cuts and Jobs Act would terminate the HTC for projects not already underway, and cease its applicability to all qualified expenditures around July 1, 2018.
- Patrick Robertson, Managing Director, FTI Consulting
- John Leith-Tetrault, Chair, Historic Tax Credit Coalition
Moderating the panel will be Charlie Bartsch, NEMWI Senior Fellow. Presentations will be followed by a Q&A session with the panel.