Federal Historic Tax Credit Program. The FHTC is the backbone of historic preservation efforts in Illinois and throughout the nation. Its elimination would bring a virtual halt to historic rehabilitation projects.
Photo: In 2014, the Woodstock Theater (1927) underwent a $1.5 million renovation by Classic Cinemas using the Federal Historic Tax Credit (credit: Jim DeWane)
On May 31, 2018, the Illinois General Assembly passed a bill to improve and expand the existing River Edge Redevelopment Zone Historic Tax Credit (RERZ). The bill amends the RERZ to enhance its usability and establishes a new statewide Historic Preservation Tax Credit across Illinois. The bill, SB3527, was authored by primary sponsors Rep. Jehan Gordon-Booth (D-Peoria) and Sen. Steve Stadelman (D-Rockford).
(Photo credit: Jim Peters)
Learn MoreIn March 2016, the Illinois Historic Preservation Legislative Caucus welcomed new co-chair Rep. Steve Andersson of Geneva, joining Sen. Pam Althoff, Sen. Andy Manar and Rep. Jerry Costello. Landmarks Illinois works with the caucus to advance preservation policy and legislation – most recently the focus has been the need to extend the River Edge Redevelopment Zone Historic Tax Credit program.
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