
Historic Preservation Tax Credits
Historic Preservation Tax Credits are financial incentives offered by the government to encourage the restoration of historic buildings. When property owners invest in restoring these structures, they can receive a tax credit, which reduces the amount of tax they owe. This program aims to preserve cultural heritage, stimulate local economies, and promote sustainable development. By making it financially viable to maintain and restore historic properties, these credits help protect important landmarks while also boosting community revitalization efforts.