https://www.revitalizetn.org/home daily 1.0 2021-02-24 https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/602da88c9624441d2e17a003/1614195340125/StateHTC_Map_HiRes.jpg Revitalize Tennessee To spur more private investment in older neighborhoods, 39 states have put in place credits against state taxes to provide incentives for the appropriate rehabilitation of historic buildings. Tennessee is NOT one of them. “Our historic tax credits have made the preservation of older buildings not only a matter of respect for beauty and history, but of course for economic good sense.” President Ronald Reagan, Sept. 14, 1984, National Conference of Revitalization of America’s Towns. https://www.revitalizetn.org/media daily 0.75 2021-02-18 https://www.revitalizetn.org/resources daily 0.75 2021-02-18 https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e264e54f068c869fe937149/1605145080699/20140301_Trade-151_0124-copy.jpg Resources - Executive Summary: State Historic Tax Credits Report This report distributed by the National Trust for Historic Preservation provides state and local policymakers a guide to understanding the benefits of historic rehabilitation and key factors for structuring an effective state historic tax credit program. (Note: Two more states have passed a state historic tax credit since the release of this report.) https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/602dd4ea97e9a87325c3f315/1613616434134/2021+TN+Historic+Revitalization+Act Resources - 2021 TN Historic Revitalization Act Sponsored by Senator Lundberg and Representative Vaughan. https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e2659f4732aba3bf29819ac/1605145080707/TN-Historic-Projects-Case-Studies-Final-1.png Resources - Tennessee Historic Project: Case Studies This is a list of projects that were completed in Tennessee utilizing the Federal Historic Tax Credit as well as a list of potential projects in Tennessee. Developed by a coalition of partners across the state in 2017. https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e265ee829859622a95145a0/1605145080710/TN-Historic-Projects-Case-Studies-Final-9.png Resources - Tennessee Historic Project: Potential Projects These are the type of projects that could happen if the Tennessee Historic Rehabilitation Investment Incentive passes. https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e2664cea938247a3915798e/1605145080713/Federal+Historic+Tax+Preservation+Projects+in+Tennessee+%282002-2016%29-1.png Resources - Federal Historic Tax Preservation Projects in Tennessee (2002-2016) A total of 173 Federal Historic Tax Credit projects received Part 3 certifications from the National Park Service between fiscal year 2002 through 2016, resulting in over $600 million in total development. This report lists all of these projects. Without this critical funding, some of these projects never would have happened. https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/602e9bffce9dd505b4dc5bbf/1613667396827/Tennessee+Mayors+Supporting+the+Historic+Rehabilitation+Credit Resources - Letter from Mayors to Governor Lee in Support of a State Historic Rehabilitation Credit, 2021 A letter to Governor Lee sent by city and county mayors in support of the bill on February 1st, 2021. https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5fac7b6824c06f53735a29b5/1613614418966/Rural+Prosperity+Through+the+Arts+%26+Creative+Sector%3A+A+Rural+Action+Guide+for+Governors+and+States Resources - Rural Prosperity Through the Arts & Creative Sector: A Rural Action Guide for Governors and States This Rural Action Guide describes in detail the principles of arts-based rural development, including the following: Creative sector initiatives are most effective when attuned to the particular creative assets and needs of rural communities. Creative sector initiatives work best as part of a cohesive economic development plan in rural areas. Creative sector initiatives add value when integrated with additional state and local policies and practices such as workforce development, community development and housing. “The rural systems change framework supports five key ingredients for action by governors and their states: Provide leadership for the state’s creative sector to benefit rural communities. Capitalize on existing regional cultural assets. Build state infrastructure for cultural and creative partnerships. Develop local talent and human capital with creative skills. *Create an environment friendly to investment and innovation.” *Includes Advocating for historic tax credits as a state policy - See page 50. https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e265113e3c0a94c0a988ef1/1605145080702/NTHP66_STATE_HTC_BROCH_F-1.png Resources - Full Report: State Historic Tax Credits The National Trust envisions a future where leaders who make decisions impacting our neighborhoods consider the reuse of historic buildings an essential strategy to create more inclusive, prosperous, and resilient communities. The National Trust has long supported the enactment of state historic tax credits (HTC) as a way of promoting building reuse. (Note: Two more states have passed a state historic tax credit since the release of this report.) https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/602dd6b5adbde660d1888f11/1613616840795/2021+Legislative+Outline Resources - 2021 Legislative Outline for SB0678 / HB 1354 This proposed legislative framework is intended to guide conversations for the creation of a Tennessee HTC Pilot Program. https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5fac618a162257496bfed8c3/1605145080686/Tennessee%E2%80%99s+Plan+for+Historic+Preservation+2019-2029 Resources - Tennessee’s Historic Preservation Plan 2019-2029 The Tennessee Historical Commission is the state agency responsible for the stewardship of historic resources in Tennessee. Celebration of the THC’s one hundredth anniversary in 2019 appropriately coincided with preparation of a strategic historic preservation plan to guide activities through 2029. A goal from their plan is to, “develop and promote preservation practices that protect historic resources.” In many cities, zoning, land use policies, and financial incentives favor new construction, resulting in a persistent misperception of preservationists who oppose continual demolition of historic resources as obstructionists to economic growth and “progress.” - See page 50 Preservation efforts in Tennessee are severely hampered by the lack of a state historic tax credit for rehabilitation of historic structures - See page 66 View the Executive Summary here. https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5fac805369c60d415bd453d6/1613602720454/Federal+Historic+Preservation+Tax+Incentive+Program Resources - 2019 Annual Report on Economic Impact of the Federal Historic Tax Credit The Federal Historic Preservation Tax Incentives program encourages private sector investment in the rehabilitation and re-use of historic buildings. It creates jobs and is one of the nation's most successful and cost-effective community revitalization programs. For the past 42 years the NPS, in partnership with the State Historic Preservation Offices, has administered the Federal Historic Preservation Tax Incentives Program. “The benefits of investment in HTC-related historic rehabilitation projects are extensive, increasing payrolls and production in nearly all sectors of the nation’s economy.“ - See page 2 https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/602dce9de6f1383bf6b120a0/1613614917748/Tax_credit_report_2020_final1024_1.png Resources - 2020 Report on Historic Preservation Tax Credits in Texas Enacted in 2013, the Texas Historic Preservation Tax Credit (THPTC) has driven significant increases in historic preservation projects across the state. Since January 2015, 243 projects have been completed and certified, representing total investment of over $2.6 billion. https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/602dd02f3518c0016e6c1338/1613615203481/Novogradac+Historic+Tax+Credit+Mapping+Tool Resources - Novogradac Historic Tax Credit Mapping Tool This tool and the data in the searchable map below reflects historic tax credit investments made from 2001 through September 2018 based on Part 3 data from the National Park Service. The congressional district boundaries shown are based on those set for 116th Congress and members are accurate of March 2019. https://www.revitalizetn.org/tn-historic-project-case-studies-potential-projects daily 0.75 2020-01-17 https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e211e81bb909c4a01b38c5f/1579231823354/Nashville%2BTN.jpg Tennessee Historic Project Case Studies https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e2116eaf52b107943d5f1e0/1579231823358/Jonesborough.png Tennessee Historic Project Case Studies Eureka Inn in Jonesborough, Tennessee https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e211a0e9713f54399792d2b/1579231823361/St+Johns+Building+Chattanooga Tennessee Historic Project Case Studies https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e211ba4f52b107943d6ccad/1579231823364/Franklin.png Tennessee Historic Project Case Studies https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e21225644b0d30f4c811ab4/1579231823367/Lynnville+Tennessee Tennessee Historic Project Case Studies https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e212378977670311f7ce746/1579231823370/James+Robertson+Hotel.png Tennessee Historic Project Case Studies https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e2124622ea93e14b2bd5a8e/1579231823373/Knoxville.png Tennessee Historic Project Case Studies https://www.revitalizetn.org/potential-projects daily 0.75 2020-01-17 https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e212b45bfa4fd68f638d724/1579232097009/Memphis.png Tennessee Historic Project Potential Projects https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e212bd44c57ec0e600fd6c7/1579232238482/Pulaski.png Tennessee Historic Project Potential Projects Eureka Inn in Jonesborough, Tennessee https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e212ca544b0d30f4c82e925/1579232435606/North+Main.png Tennessee Historic Project Potential Projects https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e212ce212540e1f1c7555b5/1579232505818/Gallatin.png Tennessee Historic Project Potential Projects https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e212d8512540e1f1c756d01/1579232666796/Gainesboro.png Tennessee Historic Project Potential Projects https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5e212e1412540e1f1c757af7/1579232810915/Bristol.png Tennessee Historic Project Potential Projects https://www.revitalizetn.org/interest-form daily 0.75 2020-01-17 https://www.revitalizetn.org/archive daily 0.75 2021-02-18 https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/602e9db634c15e3c43761992/1613667811688/Tennessee%2BMayors%2BSupport%2BHistoric%2BRehabilitation%2BCredit%2BSign-On%2BLetter4.3.19-1.png Archive - Mayors Supporting A Historic Rehabilitation Credit for Tennessee, 2019 April 3,2019, letter to Governor Lee sent by city and county mayors in support of the bill. https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5fac91f8e44daa6be0b73e9f/1579574530577/Federal+Historic+Tax+Preservation+Projects+in+Tennessee+%282002-2016%29-1.png Archive - Federal Historic Tax Preservation Projects in Tennessee (2002-2016) A total of 173 Federal Historic Tax Credit projects received Part 3 certifications from the National Park Service between fiscal year 2002 through 2016, resulting in over $600 million in total development. This report lists all of these projects. Without this critical funding, some of these projects never would have happened. https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5fac91f8e44daa6be0b73e88/1581104463117/Talking+Points+for+Historic+Tax+Credit+Legislation+HB2675++SB+2837-1.png Archive - About the Tennessee Historic Buildings Revitalization Act - 2020 The Tennessee Historic Buildings Revitalization Act will encourage private investment back into our smaller, rural towns by offering a tax incentive for the qualified rehabilitation of our state’s historic buildings to preserve our past and transform our future. https://static1.squarespace.com/static/5e0fc955f016e45bff8ab5e0/t/5fac91f8e44daa6be0b73e8b/1581102667670/SB+2837.png Archive - TN Historic Buildings Revitalization Act - 2020 Legislation Introduced in the Tennessee General Assembly SB2837 (Watson, Lundberg) | HB2675 (Vaughan, Lamberth, Lynn, Crawford) An act to amend Tennessee Code Annotated, Title 4, Chapter 11, Part 1; Title 4, Chapter 17; Title 56, Chapter 4; Title 66 and Title 67, relative to tax credits for the rehabilitation of historic structures.