PRESERVATION LEADERSHIP FORUM - "On the Hill: Historic Tax Credit Growth and Opportunity Act (HTC-GO) Now Introduced in Both the House and Senate" →

“On the Hill: Historic Tax Credit Growth and Opportunity Act (HTC-GO) Now Introduced in Both the House and Senate”

By Carl Wolf
July 13, 2021

“In late June, Senators Ben Cardin (D-MD), Bill Cassidy (R-LA), Maria Cantwell (D-WA), and Susan Collins (R-ME) introduced the Senate version of the Historic Tax Credit Growth and Opportunity Act (HTC-GO), S. 2266. Like the House version of HTC-GO (H.R. 2294), which presently has more than 60 co-sponsors, the Senate bill will bring more value to Historic Tax Credit (HTC) projects, improve access to the credit, and encourage investment in smaller rehabilitation projects. The Senate bill, however, differs from the House version in that it does not include a temporary increase in the HTC from 20%-30% to address pandemic-related challenges. We anticipate that Senator Cardin will introduce this temporary provision as a separate bill in the near future.”

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