Our Position on Rehabilitation Tax Credits
The National Trust for Historic Preservation supports the creation and maintenance of Federal and State rehabilitation tax credits for restoring older and historic structures, particularly as they relate to preserving community character, affordable housing, and central business districts and Main Street economic development activity. The National Trust also supports expansion of these credits as they relate to alleviating urban flight, property abandonment, and economically distressed neighborhoods and as a tool for sustainable development.
Submitted by lee david at: July 1, 2009
scottyt, you should talk to Alabama's State Historic Preservation Office, www.preserveala.org/. Also take a look at our info for historic homeowners, www.preservationnation.org/resources/historic-homeowners.html
Submitted by scottyt at: June 29, 2009
I have in the process of finding a home to buy in a historic district of Huntsville, AL. One house in particular caught my eye, but is in desperate need of some demolition and renovation to bring it back to its proper standards. The labor intensive process is what turns us away from it. I am a recent college graduate with no debt and a job as an architect. My question is would it be difficult for me to qualify for a federal incentive to revitalize this home?
Submitted by leedavid at: April 28, 2009
solar, you should visit the national park service's website's section on the tax credits at http://www.nps.gov/hps/tps/tax/index.htm. You can also contact Delaware's State Historic Preservation Office; their website is at http://history.delaware.gov/preservation/.
Submitted by Solar Homes at: April 25, 2009
My property that is being renovated is located in Wilmington, DE. Where can I get the application for the Federal Tax Credit?
Submitted by Anonymous at: February 6, 2009
As a board member of the Washington Trust for Historic Preservation, I fully endorse and support the increase of the Historic Tax Credit to 40%. This will spur on significant rehabilitation in blighted historic downtown districts. How do we create more traction for the passing of this legislation? The time is NOW.
Submitted by rtbryant at: December 6, 2008
The HRTC should be revised to be closer to the form that it took in the Economic Recovery Tax Act of 1981 (ERTA). Under that program, certified historic structures, including privately owned single-family residential buildings, were eligible for a 25% rehabilitation tax credit . These credits could be taken by individuals as well as corporations as long as at least $5000 or the adjusted basis of the building was spent on the work.