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 518.2378643 or visit their website
For more information, contact:
Erin M. Tobin
Vice President for Policy and Preservation
518.462.5658 ext. 12
Historic Tax Credit Growth and Opportunity Act (HTC-GO) Introduced in House
On May 17, legislation was introduced in the U.S. House of Representatives that would bring more value to historic tax credits and improve access to the credit and investment for smaller rehabilitation projects. H.R. 2825 introduced by Congressman Earl Blumenauer (D-OR) and co-sponsored by Darin LaHood (R-PA), Terri Sewell (D-AL), Mike Kelly (R-PA), Michael Turner (R-OH), Brian Higgins (D-NY), and Ralph Lee Abraham (R-LA). Senate introduction of similar legislation is expected within the next few weeks.
Read the NTCIC Action Alert to learn how this legislation would increase the value of HTC transactions and encourage redevelopment of smaller, income-producing properties. Please contact your New York Congressional Representative and encourage them to co-sponsor the Historic Tax Credit Growth and Opportunity Act, sponsored by Blumenauer/ LaHood in the House.
A special thank you to representative Brian Higgins (D-NY) for being an early co-sponsor of this legislation!
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.