Category: Heritage Preservation

DRIVE Act: Clearing Things Up

A lot of news (and panic) is rapidly circulating among the preservation and archaeological communities as the Developing a Reliable and Innovative Vision for the Economy Act – the DRIVE Act (S. 1647, sponsored by Sen. Inhofe (R-OK)) – makes its way through Congress. It passed the Senate on July 30 as an amendment to H.R. 22.

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The Election: Effects on Preservation

The Republicans took control of the Senate and strengthened their hold on the House on November 4. Sen. Mary Landrieu (D-LA) is headed for a runoff election in Louisiana, the GOP has won at least 8 Senate seats and will have 243 seats (see here) in the House.

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IRS Publishes HTC Safe Harbor

As one of its last items of business in 2013, the IRS released its long-awaited Revenue Procedure addressing Historic Tax Credits on December 30 (Revenue Procedure 2014-12, 26 C.F.R. § 601.105).

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