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. Thirty-seven states have enacted historic tax credit programs, with sixteen having no annual cap at all. The average cap of those that do is $36 million. In addition, the PA program cannot be used by homeowners or non-profits as in many other states. Now is the time for Pennsylvania to strengthen its historic tax credit program!
The 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. If your organization or firm is interested in joining the PA Historic Tax Credit Coalition, email advocacy@preservationalliance.com
Call to Action
On April 11, we hosted a coalition update call with Senator Nikil Saval to discuss the legislative outlook. Senators Saval and Farry filed a co-sponsorship memo which indicates their intent to shortly introduce legislation to improve the program. We are asking supporters to contact their Senators to sign on as cosponsors. Use our action item, issue brief, and other advocacy resources to inform your advocacy ask!
April 2024 Webinar 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.
October 2023 Event Recording
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
