Rutgers Report

The  2009-2010 update is now available for the First Annual Report on the Economic Impact of the Federal Historic Tax Credit. Conducted by Rutgers, the State University of New Jersey, the report analyzes the economic impact of the federal Historic Tax Credit (HTC) since its inception in 1976 and concludes that the HTC is a highly efficient job creator—accounting for the creation of 2 million new jobs over the life of the program, 145,000 of which were generated between 2009 and 2010.

This Second Annual Report examines the economic impact of the HTC and underscores the need for additional legislation to strengthen the federal credits, making them more widely available for smaller projects and also encouraging their use for green and sustainable rehab projects. Additionally, this year’s report takes a closer look at the impact of the federal HTC on selected states such as Kansas and Missouri. A brief summary is available by clicking here.

The study was conducted by researchers at the Rutgers University Edward J. Bloustein School of Planning and Public Policy, and commissioned by the Historic Tax Credit Coalition, a public policy advocacy organization.

Access the Second Annual Report on the Economic Impact of the Federal Historic Tax Credit here:

Click on the cover to access the full report

The First Annual Report on the Economic Impact of the Federal Historic Tax Credit is available here.