Historic preservation tax credit is saved, but weakened

With tax reform now finalized, there is relief among legislators that the final bill did not kill the federal historic preservation tax credit. However, the credit has been weakened, creating uncertainty over its future impact.

John Hoffman, director with Baker Tilly Virchow Krause, LLP, is featured in a recent Chicago Tribune article where he speaks about how the newly passed tax reform will affect the historic preservation tax credit and the real estate market as a whole.

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