HOW YOU CAN HELP – TAKE ACTION NOW

*Add your name to our  Sign-On letter Here

*View and download the flier here

*Call your House Representatives and State Senators and tell the legislative aide who answers the phone that you want your elected official to support HB 325.

Why calling is best:  Calling is much better than emailing because Legislators get inundated with email.  Daily call sheets provide the information they need at a glance and are more readily seen. Legislative aides who answer the phone will log your support on your Senator and Representative’s call sheets.

*Thank HB 325 Sponsors and let them know you support the bill
>Rep. Adam Bowling (R) – Bell, Harlan Counties 502-564-8100 ext. 664
>Rep. Terri Branham (D) – Clark, Boyd County 502-564-8100 ext. 695
>Rep. Ruth Ann Palumbo (D) – Fayette County 502-564-8011 ext. 600
*Post your support on social media and encourage others to support
*Ask family members, friends, neighbors and colleagues to  support, call their Representatives and Senators.

 

KY’s Current Historic Tax Credit Program

*Enacted into law in 2005, a low risk-high return program
*Administered by the Kentucky Heritage Council
*Available to all 120 counties and communities of all sizes
 With 3,200 historic districts, sites and structures encompassing  more than 42,000 historic properties in all 120 counties, it’s  important that we capitalize on these valuable assets!
*Since 2005:
 $517 Million of private funds invested in historic buildings,  leveraged through $39.7 Million in credits
 987 Buildings rehabilitated across Kentucky
 17,475 Jobs created
$1Billion value of investments in projects reviewed by the Kentucky Heritage Council annually
In 2019, the Kentucky Heritage Council, which administers the tax credits, received a record number of 152 applications for the Kentucky Historic Preservation Tax Credit from 24 counties; 118 of these were approved pending completion of the work. These approved projects represent $114,400,187 in proposed private investment in rehabilitation. Since implemented in 2005, through 2019, the state tax credit has resulted in 987 buildings rehabilitated across Kentucky.

 

How it Helps Communities

*Provides credit for owner-occupied homes, unlike Federal HTC
*Benefits state immediately with tax revenue during construction
*Returns more to state treasury than it costs
*Returns vacant, underutilized, endangered buildings to tax rolls
*Boosts tax revenues – sales, payroll, property
*Provides income for community improvements
*Serves as catalyst for additional local investment
*Creates construction and permanent jobs
*Encourages revitalization in blighted areas
*Encourages adaptive reuse of buildings that risk demolition
*Reverses economic decline in central business districts
*Helps spur redevelopment in surrounding areas
*Restores civic pride to communities
*Provides positive return on investment for owners and state
In 2018, the Kentucky Heritage Council received 115 applications from 20 counties, with 111 approved pending completion, representing $106,128,944 in proposed private investment.

 

Kentucky Heritage Council manages the Historic Tax Credit Program.  Learn more about the state tax credit works here.