Tag: Historic Tax Credit

Enjoy holiday tours at Mount Clare Museum and the Mother Seton House

As we head into the holidays, we hope you can join us on our two remaining heritage tours of 2017. On Saturday December 16, we’re heading to the Carroll Park home of Charles Carroll the Barrister for The Holiday Season “Colonial Style”: Mount Clare Museum House Decorated for December. In addition to touring one of Maryland’s best preserved Colonial-era residences, we hope you’ll enjoy the building’s holiday decorating glory.

Our final tour of the year is a visit to the Mother Seton House and Godefroy Chapel on the afternoon of Wednesday, December 27. The Mother Seton House is the former residence of America’s first saint and the original St. Mary’s Seminary Chapel was designed by noted early American architect Maximilian Godefroy. We hope you can include this tour in your plans for the final week of 2017!

Finally, we still need your help to save the federal historic tax credit program from elimination by the tax bill now before Congress. This federal tax credit has been critical to fostering investment in Baltimore’s historic buildings and neighborhoods and Congress is now threatening to cut off this key source of support. Developers have used federal historic tax credits on everything from the American Can Company to Clipper Mill, from Montgomery Ward to Tide Point. Learn more about the program from our partners at Preservation Maryland then contact your elected officials to let them know how important this program is.

Take action now: Write to your Senator and help save the Historic Tax Credit

Miller's Court
Miller’s Court, 2009

Last month, the leadership of the Senate Finance Committee adopted a “blank slate approach” to tax reform where all tax expenditures for both corporations and individuals including the Federal Historic Tax Credit would be eliminated from the tax code. Under this plan, preserving the historic tax credit requires Senators to make a case for it directly with an argument that the historic tax credit helps the economy grow, make the tax code fairer, or effectively promotes other important policy objectives.

We know that the historic tax credit is an important economic driver supporting private investment and creating good jobs. The tax credit is essential to level the playing field for rehabilitating existing buildings when comparing costs and incentives with new construction. By supporting investments in historic preservation, like Miller’s Court, the American Brewery Building, or Mill No. 1, helps to revitalize neighborhoods, support local economies, and create lasting improvements in Baltimore and around the country.

Please reach out now – before July 26 – by phone or email to Senators Cardin and Mikulski and ask that they include the Historic Tax Credit as a priority in their letters to the Senate Finance Committee.

Find more information on this issue and the historic tax credit from Preservation Action or join our email list for updates on this issue in the months ahead.