Tax Credits

National Park Service Tax Credit Program  

Tax credits are available for owners of commercial properties listed in the National Register of Historic Places or a National Register of Historic Places Historic District or a National Historic Landmark Historic District and the rehabilitation of the property is in compliance with "The Secretary of the Interior's Standards for Rehabilitation."

Since 1976 the Internal Revenue Service Code has contained federal income tax incentives related to the rehabilitation of historic buildings. The Tax Reform Act of 1986 determined the currently available historic preservation tax incentive of 20% on the cost of the rehabilitation for commercial, residential rental and industrial building listed in or eligible for listing in The National Register of Historic Places. This means that twenty percent of the rehabilitation cost can be taken as a direct credit against the historic building owner's income tax.