NYS Tax Credits
The New York State Historic Homeowner Tax Credit Program will cover 20% of qualified rehabilitation costs of owner-occupied historic houses, up to a credit value of $50,000.
The New York State Historic Commercial Properties Tax Credit will cover 20% of qualified rehabilitation costs up to a credit value of $5 million.
To determine eligibility or for more information, please visit the New York State Office of Parks, Recreation and Historic Preservation website or call them at 518-237-8643, and ask for the state tax credit staff member.
For more information, contact:
Erin M. Tobin
Vice President for Policy and Preservation
518-462-5658 ext. 12
Recommendations for Extension and Reform of the NYS Historic Tax Credit and Response to the Federal Tax Cuts and Jobs Act
Governor Cuomo Announces New York State Led Nation in Investments to Revitalize Historic Properties Statewide - 04.06.17
Historic rehabilitation tax credits have been instrumental in attracting investment to long-vacant historic properties, from neighborhood schools to mills and factories. Projects in our state are able to access not only New York State rehabilitation tax credits but federal tax credits – for up to 40% of their qualified rehabilitation expenses.This helps developers balance risk and reward when taking on challenging renovation projects, and ultimately benefits all New Yorkers.