State Historic Tax Credits

State Historic Tax Credits are incentives offered by certain states to encourage the preservation and rehabilitation of historic buildings. When a property owner restores a designated historic site, they can receive a percentage of the renovation costs as a tax credit, reducing their overall state tax liability. This promotes historical preservation, community revitalization, and sustainable development by making restoration projects more financially viable. These credits often work alongside federal historic tax credits, collectively supporting the conservation of culturally and historically significant structures.