Across the country more and more states are taking advantage of the economic value of state historic tax credits that can be used in conjunction with federal rehabilitation tax credits to incentivize significant investment in the rehabilitation of buildings. Texas joined thirty-three other states when it passed a state historic tax credit in 2013. The financial incentives of this new piece of legislation are expected to spur the rehabilitation of historic buildings in large cities and small towns across the state. In order to be a successful statewide program the tax credit must be an attractive financial incentive for not only sophisticated investors, but also for small building owners with no previous tax credit or rehabilitation experience. The tax credit creates a new market of buyers and sellers, drawing the attention of local and national real estate developers and investors. The ability to combine state and federal historic tax credits changes the bottom line in real estate pro formas, leveraging historic buildings as assets. The availability of the tax credit for small preservation projects may have the greatest impact on historic preservation efforts across the states as smaller towns begin to see new investment in downtown commercial districts. This report explains how the tax credit was created, analyzes the strength of the policy, and makes recommendations for its implementation and use. This work addresses a series of important questions. Will the Texas Historic Preservation Tax Credit be an effective economic driver as compared to other state historic tax credits? What are the strengths and weaknesses of the Texas tax credit? This report analyzes the new Texas program and gages its potential to incentivize the rehabilitation of historic properties in a range of sizes and locales. / text

published_or_final_version / Public Administration / Master / Master of Social Sciences

published_or_final_version / Public Administration / Master / Master of Social Sciences

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Aircraft engine emissions from civil aviation cause several adverse effects to the atmospheric environment. These emissions are among the known major contributors to changes in atmospheric chemistry and global climate change. One way in which the international community has responded to the problem has been the adoption of several international treaties, generally dealing with subjects such as protection of the ozone layer, long-range transboundary air pollution, and global climate change. / The other way in which the problem has been dealt with is the adoption of an industry-specific international regulatory regime for controlling aircraft engine emissions from civil aviation. In this regard, the international community has, through the law making functions of the International Civil Aviation Organization (ICAO), adopted the mechanism of Standards and Recommended Practices (SARPs) to establish a regulatory framework aimed at reducing environmentally harmful engine emissions. These SARPs, though international in nature, are to be implemented at the national level by the member states of ICAO. / This thesis provides a review of current understanding of the effects of aircraft engine emissions on the atmospheric environment and an analysis of the international responses to the problem. In particular, it focuses on the industry-specific regime adopted by ICAO and considers whether it is an effective tool for achieving a balance between the safe and orderly development of civil aviation and the human environment.

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