 For more than 40 years, the Federal Historic Tax Credit has helped save our nation's most important historic buildings. It has been more than a generation since the credit has been enhanced. Meanwhile, labor and material costs have skyrocketed and economically distressed areas need even more revitalization. The time has come to update this incentive to drive more private investment into main streets and spur community renewal. Cities ask Congress to pass legislation that will allow more historic buildings to be saved, letting a community use its most treasured historic resources to rebuild for the future, promote small business development and revitalize disinvested communities.