Nationwide Impacts of the Historic Tax Credit Program

Annual Report on the Economic Impact of the Federal Historic Tax Credit for FY 2018


Annual Report on the Economic Impact of the Federal Historic Tax Credit for FY 2017


FY 2017, page. 6

In short, the federal HTC is a good investment for local communities, individual states, and the nation. The cumulative impacts of the program to date (FY 1978-FY 2017) support this conclusion (p5)

  • An inflation-adjusted (2017 dollars) $27.5 billion HTC cost encouraged a five times greater amount of historic rehabilitation, $144.6 billion.
  • 107,000 new jobs created and billions of dollars in total (direct and secondary) economic gains.
  • The cumulative positive impacts on the national economy included $12.2 billion in output, $6.2 billion in GDP, $4.6 billion in income, and $1.7 billion in taxes, including $1.1 billion in Federal tax receipts. 
  • The leverage and multiplier effects noted above support the argument that the federal HTC is a strategic investment that works.