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GGD-84-47 1 (1984-03-29)

handle is hein.gao/gaobabell0001 and id is 1 raw text is: 





BY THE U,S, (.7 QNERAL A OUNTN  FFK'



Report To The Joint Committee On Taxation

Congress Of The United States


Information On Historic

Preservation Tax Incentives





The Congress, through tax incentives in-
cluded in the Tax Reform Act of 1976,
sought to encourage private sector invest-
ments in the rehabilitation of historic struc-
tures. These tax incentives have proven to
be an effective means for stimulating such
investments. And, the cost to the federal
government, in terms of foregone tax reve-
nues, apparently has been small in compar-
ison to the amounts invested in historic
rehabilitations.

The National Park Service generally has
administered the program in a satisfactory
manner. On the other hand, IRS has encoun-
tered some tax administration difficulties--
difficulties which were partially alleviated
by the Economic Recovery Tax Act of 1981,


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  GAO/GGD-84-47
MARCH 29, 1984

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