Federal Historic Preservation Tax Incentives Program

The Federal Historic Preservation Tax Incentives Program encourages the preservation and reuse of historic buildings by offering financial incentives. It provides a 20% income tax credit for the rehabilitation of certified historic structures that are income-producing, such as businesses or rental properties. To qualify, renovations must follow certain preservation standards, ensuring the building's historic character is maintained. This program promotes community renewal, cultural heritage, and sustainable development by making it financially feasible to restore historic properties rather than demolish them.