Rep. Kelly Introduces Historic Tax Credit Improvement Act of 2015

Bipartisan bill introduced with 9 original co-sponsors

WASHINGTON — U.S. Representative Mike Kelly (R-PA) – a member of the House Ways and Means Committee – issued the following statement today after introducing H.R. 3846, the Historic Tax Credit Improvement Act of 2015, with Rep. Earl Blumenauer (D-OR), and 8 other original co-sponsors. The bipartisan legislation will amend the nation’s tax code to improve the Historic Rehabilitation Tax Credit.

Statement by Rep. Kelly:

“From the Presque Isle Lighthouse in Erie County to the Harrisburg Historic District in Dauphin County, Pennsylvania has a wealth of historic properties and places. Unfortunately, many of these properties are at risk due to neglect. This bipartisan legislation will make much-needed changes to the tax code to better facilitate the reuse of historic buildings. This bill is about preserving the Commonwealth’s history and heritage as well as fostering the growth of local jobs, economic development, and neighborhood privatization in today’s Pennsylvania. It’s a win-win for Pennsylvania’s past, present, and future.”

Statement by Rep. Earl Blumenauer (D-OR):

“Celebrating and protecting our historic places creates jobs and makes our homes more livable, from downtown Portland, Oregon, to rural Mercer County, Pennsylvania. The Historic Tax Credit has strengthened communities through preservation and rehabilitation across the country since 1981, generating over $620 million in development in Oregon alone since 2001. Our legislation will bring the Historic Tax Credit into the 21st century—making smaller projects easier, and updating the program to reflect current practices.”

NOTE: The full text of this legislation can be viewed here.

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