Gibbs Recognized for Work on Historic Preservation Tax Credit
WASHINGTON, DC - Congressman Bob Gibbs was recognized as a Champion of the Historic Tax Credit Tuesday evening by Preservation Action, the Historic Tax Credit Coalition, the National Trust for Historic Preservation and National Conference of State Historic Preservation Officers. Gibbs’ efforts were critical in protecting the tax credit during last year’s debate and negotiations of the Tax Cuts and Jobs Act.
The Historic Preservation Tax Credit helps revitalize struggling downtown neighborhoods and restores historically significant buildings.
“I often talk about the importance of leveraging private investment and encouraging the public and private sectors to work together for better, more affordable, and safer neighborhoods,” said Congressman Gibbs after receiving the award. “The Historic Preservation Tax Credit is a perfect example of that. I have seen the role this tax credit plays in bringing once-dormant buildings back to life with projects in Canton. I am honored to be recognized for our efforts to maintain the Historic Preservation Tax Credit.”
Joyce Barret, Executive Director of Heritage Ohio said, “Congressman Gibbs understands the economic redevelopment power of the Historic Tax Credit and has seen first-hand what it has done in Ohio. During tax reform last year, he voiced support and signed letters to the tax writing committee and congressional leadership, urging the House, to keep this critical incentive in the tax code, to preserve our heritage and revitalize our communities. Ohioans are proud to call Rep. Gibbs a Champion of the Historic Tax Credit!”