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The American Institute of Architects has been one of the many vocal opponents to the House and Senate tax plans, which would gut historic tax credits and harm architecture firms, especially those smaller in size. However, after a concerted effort to lobby Congress, the AIA is newly "encouraged"... View full entry
As it’s currently written, the bill would entirely eliminate the federal Historic Tax Credit program (HTC), which provides a 20 percent tax credit for the redevelopment of blighted buildings and renovation of notable architectural landmarks. — Architectural Digest
The Reagan Administration’s Historic Tax Credit program, which helps fund historic renovation projects, is in jeopardy of being scrapped in the new tax plan unveiled in the House last week. According to Architectural Digest, the conservative idol's program has preserved more than 40,000 total... View full entry