[Congressional Record (Bound Edition), Volume 153 (2007), Part 3]
[House]
[Page 3063]
[From the U.S. Government Publishing Office, www.gpo.gov]




                   THE PRESERVE HISTORIC AMERICA ACT

  (Mr. CARNAHAN asked and was given permission to address the House for 
1 minute.)
  Mr. CARNAHAN. Mr. Speaker, I rise today to announce the introduction 
of H.R. 610, the Preserve Historic America Act. This bill would expand 
and facilitate the use of Federal historic preservation tax credit and 
create a new historic preservation tax credit for our homeowners. The 
economic incentives created by the bill will produce historic 
preservation, economic growth, and spawn jobs.
  A study of the Missouri Historic Preservation Tax Credit program, a 
widely respected program that expands upon the current Federal program, 
showed State assistance of $74 million in tax credits contributed to 
$267 million in Missouri income, $381 million in gross State product 
and 10,278 Missouri jobs.
  The State of Missouri has led the way in creating the most utilized 
historic preservation tax credit in the country, and I am proud to 
bring my home State's successes to the Federal level. H.R. 610 will 
provide the economic incentive necessary to save our historic 
treasures, while simultaneously creating a far-reaching monetary 
benefit.
  I urge my colleagues to cosponsor this legislation.

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