As the only statewide advocate for Rhode Island's historic places...
Preserve Rhode Island works with individuals and groups to provide advocacy and technical assistance at the local, regional, and statewide level. From homeowners to community groups to preservation and conservation partners - PRI is working hard to protect Rhode Island's unique and historic places.
Advocacy Action Needed:
Ask Rhode Island’s Senators to support federal Historic Tax Credit provisions!
You can make a difference and prompt more historic rehabilitation in Rhode Island by advocating for proposals that will enhance how the federal historic tax credits works. Contact Senators Jack Reed and Sheldon Whitehouse and ask for their support of the Historic Tax Credit provisions recently passed by the House Ways and Means Committee in the infrastructure legislation ( HTC-GO/H.R. 2294: the Historic Tax Credit Growth and Opportunity Act).
The Biden Administration is currently negotiating with House and Senate leadership to reduce the cost and scope of the bill. All historic tax credit provisions are in jeopardy of reduction or elimination. Outreach to Democratic Senators will directly determine how much support the Historic Tax Credit provisions will receive. Rhode Island’s two Senators will help determine the outcome.
The proposed changes would expand the credit in ways important to Rhode Island with an overall increase in the credit and particular incentives for small projects, including:
Sec. 135301. Temporarily Increasing the Historic Tax Credit From 20% to 30% for all projects.
Sec. 135302. Permanent increase in the rehabilitation credit for small projects.
Sec. 135303. Modification of substantial rehabilitation definition.
Sec. 135304. Elimination of basis adjustment.
Sec. 135305. Modifications of tax-exempt use leasing rules.
Sec. 135306. Enabling HTC to be used for public school buildings.
Thank you for your advocacy! Please share responses from Senate offices and gain assistance with your advocacy by emailing: Mike Phillips email@example.com, Shaw Sprague firstname.lastname@example.org and/or Patrick Robertson email@example.com
State Historic Tax Credits: Repealing the Sunset
The state's Historic Tax Credit program is scheduled to sunset on June 30 2021. There are currently bills in the House and Senate that would repeal the sunset, allowing more than 30 projects on the waiting list to continue with private investments in historic buildings. More than 300 historic buildings throughout Rhode Island have already been rehabilitated using Historic Tax Credits, representing more than $1.8 Billion in private investment.
Preserve RI has been advocating for the passage of the bills to repeal the sunset. Read our testimony here:
YES on Question 6
Voters helped secure funding for Rhode Island’s historic places by voting “YES” at the special election on March 2nd.
A YES vote on Question 6 brought renewed funding to two grant programs with long track records of investing in Rhode Island’s historic buildings: State Preservation Grants ($1 Million) and Cultural Facilities Grants ($2 Million). State Preservation Grants provide matching funds to repair historic buildings owned by nonprofits or municipalities and open to the public. Cultural Facilities Grants are for capital improvements to buildings used for programming or exhibition of any of the arts and cultural disciplines.