Established in 1976, the federal Historic Tax Credit (HTC) is available for the rehabilitation of historic, income-producing buildings that are determined by the Secretary of the Interior, through the National Park Service, to be “certified historic structures.” State Historic Preservation Offices and the National Park Service review the rehabilitation work to ensure that it complies with the Secretary’s Standards for Rehabilitation.
The federal historic tax credit program is also a significant financial incentive for the reuse of historic buildings and revitalization of historic downtowns. Current federal tax incentives for historic preservation were established by the Tax Reform Act of 1986 and include:
In addition to the federal HTC program, many states offer additional incentives, including:
|STATE WITH HTC PROGRAM||PERCENT (AT LEAST)|
The property must be a “certified historic structure,” including: