Of all of the tax credits out there, this one makes the most sense (cents) not to get rid of. Read more about the Historic Preservation Tax Credit here:
The program has been a net benefit to federal funds, bringing in $25.9 billion in tax receipts versus $20.5 billion in allocated tax credits since 1978, according to a July 31 study by the National Park Service and Rutgers University’s Edward J. Bloustein School of Planning and Public Policy.
More recently, the program has also served as a bulwark against further economic decline for the construction and manufacturing industries coming out of the housing crisis and economic recession, the study said. In fiscal year 2012, investments tied to these credits generated 58,000 jobs and were responsible for creating $3.4 billion in GDP, the report said.