Historic Preservation Tax Incentives

Historic Preservation Tax Incentives are financial benefits offered by the government to encourage the restoration and rehabilitation of historic buildings. Property owners can receive tax credits or deductions for the costs incurred in maintaining and upgrading these structures, helping to preserve cultural heritage while promoting economic growth. By investing in historic properties, owners not only enhance community character but also potentially increase property values. These incentives aim to strike a balance between protecting historic sites and supporting owners in their efforts to maintain these important pieces of history.