Federal Tax Credit
.The Federal Historic Rehabilitation Tax Credit program provides a 20% federal income tax credit for owners of income-producing properties listed on the National Register of Historic Places. Property owners completing a substantial rehabilitation of their historic buildings can receive the credit if their work meets the Secretary of the Interior’s Standards for Rehabilitation and is approved by the National Park Service.
To learn more about the Federal Historic Rehabilitation Tax Credit, contact the NYS Historic Preservation Office at 518-237-8643 or visit their website
For more information, contact:
Erin M. Tobin
Vice President for Policy and Preservation
518-462-5658 ext. 12
One bright spot in Congress' Tax Cuts and Jobs Act was the retention of the 20% Federal Historic Tax Credit. It’s a big win for preservation, as the House version of the Tax Cuts and Jobs Act eliminated the credit completely. Visit our blog to see a roll call of supporters from New York's Congressional delegation.