Rehabilitation Tax Credit

The Rehabilitation Tax Credit is a government incentive designed to encourage preservation and restoration of historic or older buildings. It offers a financial incentive—typically a tax credit—covering a percentage of the qualified renovation costs. This credit helps property owners offset expenses related to restoring features that preserve the building's historic character, ensuring both architectural heritage and functionality are maintained. Eligibility generally requires adhering to specific preservation standards, and often involves approval from historic preservation authorities. The goal is to promote responsible reuse of existing structures while supporting economic development and community revitalization.