The "Historic Tax Credit Growth and Opportunity Act of 2023" aims to enhance the federal historic tax credit program. The bill proposes increasing the credit percentage for certain projects, expanding eligibility criteria, and providing additional incentives to encourage investments in historic properties. It seeks to stimulate economic development, revitalize communities, and preserve valuable cultural heritage by making it more financially viable for developers to undertake historic rehabilitation projects. If enacted, this legislation could lead to increased investment in historic preservation and contribute to the overall revitalization of communities across the United States.
2023-03-24: Introduced in House
2023-03-24: Referred to the House Committee on Ways and Means.
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