Tax Credit Workshops
Thousands of homeowners, commercial property owners, Realtors, contractors, and community leaders have attended our workshops to find out how to save money while making repairs to older buildings.
From Buffalo to Saranac Lake to Poughkeepsie and dozens of cities in between, the League has helped people take advantage of New York’s Historic Rehabilitation Tax Credits.Whether they fix a leaking roof or replace an inefficient furnace, tax credits can help homeowners provide safer and healthier homes for their families, and protect business investments for years to come.
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 NYS Historic Commercial Properties Tax Credit will cover up to 20% of qualified rehabilitation costs up to a credit value of $5 million. The 20% Federal Historic Preservation Commercial Tax Credit can be combined with the NYS Historic Commercial Tax Credit to cover 40% of qualified rehabilitation expenditures.
This program requires that the building be individually listed in the State or National Register of Historic Places, or in a listed historic district. For the NYS historic tax credits, the building must be located in a qualifying census tract, and must meet the spending thresholds for each program, $5,000 for the NYS Historic Homeowner and $100,000 or 100% of the property’s adjusted basis for the NYS and Federal Commercial credit.
Contact the Preservation League if you would like us to present a Tax Credit Workshop in your community!