Link to Online Collection Catalog
Link to OHS HOME page
Link to CONTACT OHS page
Link to OHIO HISTORY STORE website
Link to OHS CALENDAR page
Link to OHS PLACES page
Link to OHS RESOURCES page
Link to the ABOUT OHS page
Link to SEARCH OHS page


Tax Incentives
link to Preservation Site Index link to Preservation Site Map link to Preservation Staff link to Related Links link to Contact Us page

Did you know that you can get tax credits for rehabilitating a historic building, or a non-historic building built before 1936?

What are the rehabilitation tax credits?

Federal tax law offers a 20% tax credit for the rehabilitation of historic buildings, and a 10% tax credit for the rehabilitation of non-historic buildings built before 1936. The credits are dollar-for-dollar reductions of taxes owed. The 20% rehabilitation investment tax credit equals 20% of the amount spent in a certified rehabilitation of a certified historic structure. The 10% rehabilitation investment tax credit equals 10% of the amount spent to rehabilitate a non-historic building built before 1936.

Since 1976, over 30,000 buildings have been preserved using the historic preservation tax credit. This represents an investment of over $30 billion in our nation's historic resources.

The federal historic preservation tax incentives program is administered by the Department of the Interior and the Department of the Treasury. The National Park Service acts on behalf of the Department of the Interior. The Internal Revenue Service acts on behalf of the Department of the Treasury. Certification requests for historic buildings are made to the National Park Service through the appropriate State Historic Preservation Officer.

What Buildings Qualify?

For the 20% credit, a building must be listed in the National Register of Historic Places -OR-be located in a registered historic district and certified as being of historic significance to the district. The "structure" must be a building... not a bridge, ship, railroad car, dam, or any other kind of structure. For the 10% credit, a building must have been built before 1936.

For both credits, the building must be income-producing.

For more information about rehabilitation tax credits, contact the Ohio Historic Preservation Office


HOME || CONTACT

OHIO HISTORY STORE || CALENDAR || PLACES || RESOURCES || ABOUT || SEARCH || PRIVACY POLICY
http://www.ohiohistory.org/resource/histpres/yourtown/taxincnt.html || Last modified Thursday, 05-Feb-2004 16:51:41 Eastern Standard Time
Ohio History Center 800 E. 17th Ave. Columbus, OH 43211 © 1996-2012 All Rights Reserved.