Federal Historic Preservation Tax Credit

 

Federal Rehabilitation Tax Credit
The New Hampshire Division of Historical Resources administers the federal tax credit program in new Hampshire.

Federal law provides a federal income tax credit equal to 20% of the cost of rehabilitating a historic building for commercial use. To qualify for the credit, the property must be a certified historic structure—that is, on the National Register of Historic Places or contributing to a registered historic district. (Non-historic buildings built before 1936 qualify for a 10% tax credit.) A substantial rehabilitation is necessary, and the work must meet the Secretary of the Interior's Standards for Rehabilitation. Applications for the credit are available through your state historic preservation office, and the final decisions are made by the National Park Service. For more information, take a look at our take a look at the National Trust for Historic Preservation’s Rehabilitation Tax Credit Guide, prepared by their for-profit subsidiary, NTCIC. In addition, the National Park Service's website offers helpful information on this tax credit. (At present, individuals rehabilitating a historic property for their primary residence do not qualify for this tax credit.)

 

 

 

 

Links To Pages Within The Commercial Property Section