President Donald Trump’s tax-cut package will not affect federal historic tax credits or federal payments for the Build America Bonds program, much to the relief of city officials and at least one historic preservationist.
“We’re pretty appreciative of the fact that the federal government is retaining the historic tax credits,” Danville City Manager Ken Larking said Thursday. “It was great they [U.S. Congress members] recognized it was a valuable program that benefits small communities like ours.”
Danville City Council voted last month to adopt a resolution urging Trump and Congress to keep the Federal Historic Tax Credit Program.
