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The Historic Tax Credit (HTC) is the federal tax credit program that incentivizes the rehabilitation of historic buildings. The HTC, which has rehabilitated more than 38,700 buildings and leveraged about $106 billion in private investment nationwide, is in danger of being eliminated in current budget-balancing discussions in Congress. [34]
Combining state and/or federal historic tax credits with the federal New Markets Tax Credit is also a possibility if the project is located in a low-income census tract. Syndicating historic tax credits can be a significant advantage for developers, especially those who do not have sufficient tax liability to claim the tax credits themselves ...
The Swisher Complex at 115 and 121 E. Main St. in Somerset received $130,000 in tax credits earlier this year for the $1.3 million project. It was constructed in 1880 as a law office and was later ...
A downtown Milwaukee office tower completed in 1989 could be designated as historic − allowing its owners to seek federal and state tax credits to help finance a conversion to apartments. But ...
Gov. Mike DeWine announced more than $67 million in tax credits to rehab historic buildings across the state.
The National Register of Historic Places (NRHP) is the United States federal government's official list of sites, buildings, structures, districts, and objects deemed worthy of preservation for their historical significance or "great artistic value".
Wayne Brown, who has restored historic properties in Louisiana, said the state tax credits for those projects provide seed money and represent just 10% to 20% of the cost of the projects.
Save America's Treasures is a United States federal government initiative to preserve and protect historic buildings, arts, and published works. It is a public–private partnership between the U.S. National Park Service and the National Trust for Historic Preservation .