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Support the Ohio Historic Preservation Tax Credit

Support the Ohio Historic Preservation Tax Credit

987 signatures 13 to reach 1,000
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Started by Devin Miles 10 years, 3 months ago

Dear Ohio historic preservation advocate,

Last year, the Ohio General Assembly charged the 2020 Tax Policy Commission to study Ohio’s various tax policies and report back to the General Assembly.

Next up is a review of the Ohio Historic Preservation Tax Credit program. Since everyone cannot testify in support of the credit, please sign this petition to show your support for the Ohio Historic Preservation Tax Credit. We want to let the General Assembly know you value this historic tax credit program and recognize the significant impact it is having in Ohio.

The Ohio Historic Preservation Tax Credit program is an essential tool for the revitalization of downtowns, large and small, all across Ohio. It is creating vibrant places to live and work, helping to attract and retain young people and entrepreneurs of all ages. To date, 152 buildings have been rehabilitated in 52 communities across the State of Ohio. Here are some facts about the tax credit that you should know:

  • 4,463 residential units created.
  • $290.5 million in tax credits resulted in $1.94 billion in total investment.
  • 209 buildings returned to tax-generating, income-producing assets.
  • 9,000 construction jobs between 2008-2015, with many more to come.
  • 14,350 long-term operational jobs.

The Ohio Historic Tax Credit is the only tax credit in Ohio that requires a Cost Benefit Analysis as part of the application process.

The Ohio Historic Preservation Tax Credit has a conservative ROI of $6.20 for every $1 in credits.

The Ohio Historic Preservation Tax Credit has provided many catalytic impacts to neighborhoods surrounding completed projects. The tax credit pays state and local government back in increased property, sales, and income taxes.

If you support the Ohio Historic Preservation Tax Credit, and think it is a valuable tool for Ohio’s future, please sign this petition to let your voice be heard in the General Assembly in Columbus.

Updates

April 29, 2016

We just hit 100 signatures. Thanks for stepping up to protect our historic downtowns.

Reached 500 supporters

April 28, 2016

Reached 100 supporters

April 27, 2016

6 Comments

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Sarah Fletcher
10 years ago Featured

KEEP THESE CREDITS. Stop trying to cut everything that actually helps local business.

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Linda Fox
10 years ago Featured

Love what they did with the old warehouse in our city. Need more of this in Ohio.

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David Chapman
10 years ago Featured

These buildings have so much history. Better to fix them up than let them rot away.

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Jason Achebe
10 years ago Featured

Common sense program that actually brings jobs back. dont mess with it

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Mike Reed
10 years ago Featured

My hometown downtown looks 100% better since they fixed up the old factories. Keep the program going.

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Rachel Fletcher
10 years ago Featured

It is so nice to see our city center actually bringing people in again instead of empty storefronts.

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