Historical Tax Credits

Historical Tax Credits

Historical Tax Credits positioned to pass. ABC Supported historical tax credit legislation is now positioned to pass. The much anticipated white paper that confirms that such tax credits do create jobs and warrant being supported has been released. You may read the white paper here.

The House version of the historic tax credit bill, HB 345, passed the full house on Tuesday, April 18, by a vote of 95-7. The reauthorization legislation now moves to the Senate. The bill could be considered in committee as early as next week.