Pennsylvania Historic Tax Credit Advocacy
Currently, the PA historic tax credit program is capped at only $5 million annually, a highly inadequate sum given the demand for historic rehabilitation projects around the Commonwealth. Now is the time for Pennsylvania to strengthen its historic tax credit program!
The Preservation Alliance and Preservation Pennsylvania are leading a statewide coalition to strengthen this important economic development tool by increasing the annual aggregate cap and making it more accessible.
Success!
On July 11, the PA General Assembly passed the FY 2025 budget and the tax code portion included language to raise the annual cap to $20 million for the historic tax credit program! While this was lower than our coalitions original request of $50 million, this is an impressive quadrupling of available funding!
We are grateful to the leadership of Senator Nikil Saval, Senator Frank Farry, Rep. Steve Samuelson, Rep. Jim Prokopiak, and many others in the House and Senate leadership to achieve this feat.
Our coalition will continue to push for greater improvements to strengthen the program. If your organization or firm is interested in joining the PA Historic Tax Credit Coalition, please email advocacy@preservationalliance.com.
Past Events
April 2024 Webinar Recording
On April 11, we hosted a coalition update call with Senator Nikil Saval to discuss the legislative outlook.
October 2023 Event Recording
Our campaign kicked off in October 2023 with a panel presentation to hear from national experts, state legislators, and local developers about the benefits that can come from strengthening the Commonwealth’s historic tax credit program.
View the event program and slideshow.
Panelists: PA State Senator Nikil Saval; Renee Kuhlman, National Trust for Historic Preservation; Aidita Milsted, New Jersey Economic Development Authority; Lisa Brownell, Ohio Department of Development; A. Roy Smith, Uptown! Entertainment Alliance Board of Directors; Moderator: Bob Powers, Powers and Company
Additional Resources:
State Historic State Credit Resource Guide, The National Trust for Historic Preservation, January 2023
The Missing Key: A Study of the Impact and Potential of the PA State Historic Tax Credit, Preservation Pennsylvania and PlaceEconomics, April 2019
PA Historic Preservation Tax Credit: An Evaluation of Program Performance, Independent Fiscal Office, January 2019
In collaboration with
