In the 2017 overhaul of the U.S. Tax Code the House of Representatives initially proposed eliminating the Historic Rehabilitation Tax Credit. A grassroots lobbying effort culminated in an amendment proposed by Sen. Cassidy to amend the Tax Cuts and Jobs Act to re-instate the credit, albeit in a slightly less valuable form.

You can read our full writeup on the situation, published in the Democrat & Chronicle this past October.

Richard Rogers
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