Connecticut Preservation Action

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House GOP tax plan ends historic preservation break

WASHINGTON – A tax break that was key to the rehabilitation of the Colt complex in Hartford, a Victorian opera house in Norfolk and dozens of other historic properties throughout the state is on the chopping block in Congress. The House Republican tax overhaul, which the chamber hopes to vote on Thursday, would eliminate the 20 percent federal investment tax credit for historic preservation projects, a tax break Congress approved about 40 years ago. Continue Reading →

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