Rehabilitation Tax Credit

To encourage the preservation of historic buildings the federal government offers a program of tax incentives to support the rehabilitation of historic and older buildings for income-producing purposes.

The AHPP serves as the state liaison between the property owners and the National Park Service, the federal agency that administers the federal Rehabilitation Tax Credit program. The main goal of the AHPP and NPS will be to:

1. determine if the structure in question is a "qualified historic property"
2. provide a technical review based on the Secretary of the Interior's Standards for Rehabilitation on the proposed work planned for the historic structure and
3. 
   
   approve the final work by the owner to the historic property.

Anyone interested in pursuing the credit should consult an accountant, tax attorney other professional tax advisor, legal counsel, or the Internal Revenue Service for help in determining the tax and other financial implications.

For more information from the AHPP about the federal Tax Rehabilitation program click here to download the PDF file, Microsoft Word document, or the text file.

This information is available in PDF format, as a Microsoft Word document, and as a text file. For PDF, you will need the Acrobat Reader to view this file. It is available, free of charge, at Adobe's website. Or if you don't have Microsoft Word, you may use the free Microsoft Word Viewer to open the Word document. The text file should open properly in your browser window.

Links:

For more information from the National Park Service:

• http://www.nps.gov/history/hps/tps/tax/brochure1.htm
• http://www.nps.gov/history/hps/tps/tax/hpcappl.htm (Information and application forms may be found at this site.)
• http://www.nps.gov/history/hps/tps/standards_guidelines.htm (Provides technical information and standards used to review rehabilitation projects)

For more information from the Internal Revenue Service:

• http://www.nps.gov/history/hps/tps/tax/IRS.htm
• http://www.nps.gov/history/hps/tps/tax/download/hpca-wd.doc
• http://www.nps.gov/history/hps/tps/tax/incentives/index.htm