Historic Tax Credit
Thanks to calls and emails from concerned citizens like you, the important federal historic tax credit was retained in the recent tax bill. It had been dropped from the House tax bill but preserved in the Senate version. Although this tax credit only applies to restoration/rehabilitation of commercial properties, it has been crucial to Montgomery County projects, including the National Park Seminary, and is important to historic preservation throughout Maryland. In fact, this credit returns $1.20 to federal coffers for each $1 it gives out.