Help Get A Real Historic Preservation Tax Credit Passed
When the legislature re-convenes for Special Session later this summer – perhaps as early as July 16th – send an email and make your voice heard in the New York State Assembly in support of A.7935-A (Hoyt). This bill provides for an expanded rehabilitation tax credit program that includes increased incentives to support the rehabilitation of historic commercial and residential properties.
Historic downtowns, Main Streets, historic theaters and residential neighborhoods across the State will benefit from this legislation. It will create an additional financial incentive to restore and reuse New York State’s rich legacy of historic buildings, and provide a critical new tool in efforts to bring businesses and residents back to revitalized community cores, bringing new investment back to municipalities throughout New York State. This legislation is supported by a wide range of municipalities and economic development, historic preservation and environmental organizations.
The Senate has passed this legislation; it now needs the active support of your Assemblymember to assure it will come to a floor vote when session resumes later this year.
In order to secure passage of this critical program for downtown and neighborhood renewal, contact your Assemblymember and request 1) that they join in sponsorship with this legislation and 2) that they advocate with Ways & Means Committee Chair Denny Farrell for this bill to be brought to a floor vote during the special session of the Assembly later this summer.
