12.04.17

Louisiana Leaders Praise Cassidy’s Work to Preserve Historic Tax Credit

Louisiana leaders are praising U.S. Senator Bill Cassidy, M.D. (R-LA) for his work to preserve the Historic Tax Credit in tax reform. Since 2002, the provision has facilitated at least 782 projects in Louisiana, encouraging more than $2.5 billion in private rehabilitation investments and creating more than 38,000 jobs in the state.

 

  • “Thanks to the efforts and leadership of Sen. Bill Cassidy (R-La.), an economic powerhouse program that has resulted in billions of dollars of private investment in Louisiana and returned $1.20 to the government for every dollar of public resources committed is still alive.” – Liz Swaine in the Shreveport Times
  • “[T]hanks to an amendment introduced by Louisiana U.S. Sen. Bill Cassidy, the tax credit was restored and adopted in full by the U.S. Senate Finance Committee. … Cassidy’s hard work in restoring the tax credit is vital to our regional and state economy.” - Greater New Orleans Inc. CEO Michael Hecht in the Advocate
  • “As a fourth-generation New Orleanian and proponent of historic preservation, I want to thank U.S. Sen. Bill Cassidy for his extraordinary leadership in fighting hard to save the federal historic tax credit, which for decades has protected our historical buildings, preserved our cultural heritage and served as a catalyst for economic growth.” - HRI Properties President and CEO A. Thomas Leonhard Jr. in the Times-Picayune
  • “With leadership from Cassidy, the Senate Finance Committee preserved the HTC in the last few minutes of its final hearing on the Senate tax reform bill. We are grateful for Cassidy’s leadership in saving a critical program for our city and state.” – Wampold Companies Chairman and CEO Mike Wampold in the Advocate
  • “We appreciate and admire Sen. Cassidy’s efforts in the Finance Committee to protect the HTC and ask for applause from his constituents.” - Preservation Resource Center of New Orleans interim Executive Director Jack Davis
  • "Preserve Louisiana is grateful for Senator Cassidy’s effort to protect a key tool in community development and economic growth—our federal Historic Tax Credit.” - Preserve Louisiana Executive Director Fairleigh Jackson
  • “Preserving this important program will continue to create jobs, eliminate blight and highlight our diverse history for our citizens and tourists alike.” - Louisiana Trust for Historic Preservation Executive Director Brian Davis
  • "We applaud Senator Cassidy for his tireless effort to retain the Historic Tax Credit, a vital economic tool in revitalizing our small towns and Main Streets throughout the great state of Louisiana.” – Louisiana Architectural Foundation Chairman Jesse D. Cannon, FAIA
  • “These credits are responsible for generating jobs, raising property values and preserving the historic character of our cities. Simply put, they make good economic sense.”- Louisiana Landmarks Society President Sandra Stokes
  • “The National Trust for Historic Preservation joins our Louisiana partners and advocates nationwide in thanking Senator Cassidy for his leadership on this critical amendment.” - National Trust for Historic Preservation President and CEO Stephanie K. Meeks