The Historic Tax Credit Coalition and Rutgers University yesterday released their annual study on the economic impa ct of the federal historic tax credit (HTC). Researchers found that between fiscal years (FYs) 1978 and 2011 the HTC has generated more than 2.2 million jobs and $83.7 billion in income. In FY 2011 alone, the HTC generated 64,000 jobs and $2.7 billion in income. The study was conducted by researchers at the Rutgers University Center for Urban Policy Research and commissioned by the Historic Tax Credit Coalition, a public policy advocacy organization.
Read more about the report from Historic Tax Credit Coalition Chairman John Leith-Tetrault in his monthly History and the Hill column in the July issue of the subscriber_id=angela.williams@ketteringoh.org&;url=www.novoco.com%2Fmarketing%2Fshopping_product_detail.m%3Fid%3D346″ target=_self>Novogradac Journal of Tax Credits. The report will also be a hot topic at the subscriber_id=angela.williams@ketteringoh.org&;url=www.novoco.com%2Fevents%2Fother%2Fkentucky%2Findex.php” target=_self>National Historic Tax Credit Conference, September 6-7, in Louisville, Ky.