What are the Historic Rehabilitation Tax Credits?
Property owners can receive tax credits on their federal income tax from the certified rehabilitation of historic properties. A property must be listed in the National Register of Historic Places individually or as a significant or contributing building to a National Register district. Note: The Internal Revenue Code limits the tax incentives for rehabilitation to depreciable structures; i.e., buildings used in a trade or business or held for the production of income, such as commercial or rental residential properties.
