In order for the proposal to increase West Virginia’s historic tax credit to be successful, people just like you will need to tell your legislators that you think it’s a great idea.
Here’s how you can do that.
- Call your legislator. This is a very effective form of advocacy that is quick and easy to do, and that has an immediate impact in making your voice heard.
All you need to do is follow these simple steps.
- Write your legislator. Whether by email or snail mail, writing to your legislator is an easy way to advocate for this proposal. Here’s how you can make a strong case in writing.
- Sign our petition. West Virginians all over the state support the proposal to spark the redevelopment of our historic buildings. Sign our petition so we can show them just how many!
Whether you’re calling your legislator, writing to your local newspaper, or just talking with others in your community, here are some important talking points to remember:
- Our neighboring states all have a 20 – 25% historic rehabilitation tax credit, which means that developers and private investors are choosing to do redevelopment projects in those states instead of in West Virginia.
- Increasing West Virginia’s historic rehabilitation tax credit from an uncompetitive 10% to a competitive 25% would spur private investment in West Virginia, create jobs for West Virginians, repurpose our vacant and underutilized buildings, and increase tax revenues.
- Increasing the historic rehabilitation tax credit in other states has been proven to generate far more in tax revenues than it costs in tax credits.
- Ohio offers a 25% historic rehabilitation tax credit to developers. In the last 13 years, historic redevelopment projects in Ohio generated $2.8 billion in total income and created 44,407 construction and permanent jobs. During the same time, West Virginia’s 10% tax credit generated $170 million in total income, and created just 3,529 jobs.
- This proposal is being supported not just by historic preservation groups, but by developers, architects, economic development professionals and city officials, as a way to spark new job creation and business activity by utilizing one of the state’s most underutilized assets: its historic buildings.
- West Virginia has 92 commercial and mixed-use registered historic districts ripe for revitalization – yet developers choose to invest in neighboring states instead of our downtowns due to West Virginia’s uncompetitive 10% historic rehabilitation tax credit.
If you’d like to learn more, we’d love to hear from you! Contact us now!