Federal Tax Credits

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.


Click here to view case studies from a few of the first projects to take advantage of New York’s Historic Tax Credits.

Questions? Feel Free to get in touch:

Erin M. Tobin
Vice President for Policy and Preservation
etobin@preservenys.org
518.462.5658 ext. 12

NYS State 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.

Requirements:

  • The building must be individually listed in the State or National Register of Historic Places, or in a listed historic district.

  • The building must be located in a qualifying census tract; OR Be a historic building in a city with a population under one million with at least 15% poverty threshold; OR

    Be a historic building within a New York State Park or State Historic Site.

  • The project must meet the spending threshold of this program by spending at least $5,000 in qualifying expenses.

The New York State Historic Commercial Properties Tax Credit will cover 20% of qualified rehabilitation costs up to a credit value of $5 million.

Requirements: