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Federal tax law offers a 20% tax credit for the rehabilitation of historic buildings, and a 10% tax
credit for the rehabilitation of non-historic buildings built before 1936. The credits are
dollar-for-dollar reductions of taxes owed. The 20% rehabilitation investment tax credit equals 20%
of
qualified expenditures
in a
certified rehabilitation
of a
certified historic structure.
The 10% rehabilitation investment tax credit equals 10% of qualified expenditures for rehabilitation
of a non-historic building built before 1936. For both credits, the building must be
depreciable
and the rehabilitation must be
substantial.
Click here for a fact sheet about the tax
credits.
Click here for a link to the Federal Historic
Preservation Tax Incentives Home Page.
Application and Instructions
Applications for the 20% rehabilitation investment tax credit are submitted through the Ohio
Historic Preservation Office to the National Park Service. Our office provides assistance to owners
and architects as they plan rehabilitation projects and as they prepare their applications. This is
a link to the National Park Service pages where you can see an online version of the tax credit
application.
Application Tips
Regulations
- Prepared by the IRS for the National Park Service, this link provides you with
information and guidance on the tax
aspects of utilizing the credit and rehabilitation tax credit law provisions.
- This is a link to the Department
of Interior regulations that govern the Rehabilitation Tax Credit Program: 36 CFR 67,
Historic Preservation Certifications, Pursuant to Section 48(g) and Section 170(h) of The
Internal Revenue Code of 1986.
Related Links
Click here to go to the Ohio Historic Preservation Office front
page.
Click here for information about State Tax
Incentives in Ohio.
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