Jan 30

Historic Rehabilitation Tax Credit Program Threatened

**UPDATE**

Thank you to all who called your legislator to voice your support for the Historic Rehabilitation Tax Credit Program as an effective means of accomplishing the goals of historic preservation and economic development in communities throughout the Commonwealth. Many thanks to Preservation Virginia for leading the advocacy efforts of preservationists across the state on this issue!

“Va. Senate panel kills Sen. Glen Sturtevant’s bill to cap and phase out historic rehab tax credits”Richmond Times Dispatch

TAKE ACTION NOW!

Historic Richmond urges you to take action now on SB 1034, SB 1485, and SB 1540 before the General Assembly. These pieces of legislation propose significant changes that would harm the very successful historic rehabilitation tax credit program.

  • SB 1034 (Patron: Senator Janet D. Howell) would, for taxable years beginning on and after January 1, 2017, limit the amount of the Historic Rehabilitation Tax Credit that may be claimed by each taxpayer to $5 million a year.
  • SB 1485 (Patron: Senator Glen H. Sturtevant, Jr.) would add a sunset date of January 1, 2022 to the Historic Rehabilitation Tax Credit.
  • SB 1540 (Patron: Senator Glen H. Sturtevant, Jr.) would plan an aggregate cap on the Historic Rehabilitation Tax Credit and then reduce that aggregate cap over a ten year period until 2027, when no credits would be issued for this program.

The Senate Finance Committee meets tomorrow, Tuesday, January 31, at 9:00 a.m.

 Take Action Now:

  • If you are a constituent of any member of the Senate Finance Committee, please call him or her today to express your opposition to SB 1034, SB 1485 and SB 1540 – measures that will impede the protection of historic resources for future generations. (Contacts for Senators provided below).
  • If you are not a constituent of any member of the Finance Committee in the Senate, call your Senator today to express your opposition to SB 1034, SB 1485 and SB 1540. (Contacts for Richmond area Senators provided below)

This legislation will impact current and future projects, it will hinder the preservation of Virginia’s precious historic resources for future generations.

We will keep everyone informed of further developments and opportunities to reach out to legislators on preventing changes to this vital preservation program that is a proven job and revenue creator for the Commonwealth.

 

Senate Finance Committee

Senator Thomas K. Norment Jr: (804) 698-7503 [email protected]
Senator Emmett W. Hanger, Jr: (804) 698-7524 [email protected]
Senator Janet D. Howell: (804) 698-7532 [email protected]
Senator Richard L. Saslaw: (804) 698-7535 [email protected]
Senator L. Louise Lucas: (804) 698-7518 [email protected]
Senator Stephen D. Newman: (804) 698-7523 [email protected]
Senator Frank M. Ruff, Jr: (804) 698-7515 [email protected]
Senator Frank W. Wagner: (804) 698-7507 [email protected]
Senator Ryan T. McDougle: (804) 698-7504 [email protected]
Senator Jill Holtzman Vogel: (804) 698-7527 [email protected]
Senator Charles W. Carrico, Sr.: (804) 698-7540 [email protected]
Senator Mark D. Obenshain: (804) 698-7526 [email protected]
Senator George L. Barker: (804) 698-7539 [email protected]
Senator Siobhan S. Dunnavant: (804) 698-7512 [email protected]

Richmond Area Senators

Senator Amanda F. Chase: (804) 698-7511 [email protected]
Senator Rosalyn R. Dance: (804) 698-7516 [email protected]
Senator Siobhan S. Dunnavant: (804) 698-7512 [email protected]
Senator Jennifer L. McClellan: (804) 698-7509 [email protected]
Senator Ryan T. McDougle: (804) 698-7504 [email protected]
Senator Glen H. Sturtevant, Jr.: (804) 698-7510, [email protected]