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Home > Restoration Help > Funding Directory > Tax Incentive or Tax Credit >
Rehabilitation Investment Tax Credit
Federal investment tax credit for 20% of the rehabilitation costs (including labor, materials, architects or other consultant fees) for income-producing buildings listed on the National Register of Historic Places. The tax credit may apply to properties such as a retail store, industrial or office building, apartment building, or vacation rentals. Private homes, which do not generate income, are not eligible for the credit. Note that the rehabilitation of the incoming producing properties must follow the Secretary of the Interior Guides to Rehabilitation. The process involves review and comment by the SHPO and certification by the National Park Service. The SHPO is available to assist property owners in identifying historic structures and to provide technical assistance with respect to appropriate rehabilitation treatments.
Range: 20% of eligible expenditures
Eligibility: Owners or long- term lessees of historic buildings used for income producing purposes.
Deadline: File application before construction. File for approved credit at end of tax year.
For a complete definition and regulations visit the National Park Service's Historic Preservation Service's Federal Historic Preservation Tax Incentives - link is provided below. Additional information is also available from the State Historic Preservation Office.
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