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Ohio Historic Preservation Tax Credit saved!

Update (6/16/15): Senators have removed language applying a moratorium on the successful OHPTC program! Thank you! Your messages touting the economic power of the tax credit resonated loud and clear among the Ohio Senate.
Yesterday, the Ohio Senate proposed to eliminate the Ohio Historic Preservation Tax Credit (OHPTC), with the possibly of transitioning it into a grant program several years from now.
This highly successful economic development program, without prior discussion, is in jeopardy of disappearing. Without the OHPTC Program, Ohio would not have had more than 1.4 billion dollars invested in the state, in the process rejuvenating countless abandoned or blighted buildings. The OHPTC promotes economic development at its finest: creating income-producing, taxpaying, and neighborhood-contributing buildings.
Since the program’s inception in 2007, the tax credit program’s investment statistics speak for themselves: 7 million square feet of redeveloped building space; 3,429 new housing units created; and an overall ROI of $6.70 for every dollar of tax credit generated.
To help save the Ohio Historic Preservation Tax Credit Program, we need you to do two things TODAY. Please email Senator Oelslager, Chair of the Senate Finance Committee, Senator Peterson, Chair of the Senate Ways & Means Committee, and your Senator to tell them why this will be detrimental to Ohio’s economic growth.
Thank you for helping us to send the message about the tax credits where it’s needed most!