Tax Credit

Federal Historic Tax Credits

  • Intended to encourage private investment in historic rehabilitation
  • Federal Rehabilitation Tax Credit is administered by the National Park Service (with assistance from State Historic Preservation Offices) & IRS
  • To qualify a building must be either listed individually in the National Register of Historic Places or located in a registered historic district and contribute to the historical significance of the district
  • The rehabilitation work must be approved by the Secretary of the Interior as consistent with the historic character of the building and the district
  • Federal tax credit equal to 20% of qualified rehabilitation expenditures (“QREs”)
  • 5-year compliance period

Ohio Historic Preservation Tax Credits

Ohio Historic Preservation Tax Credit is administered by the State Historic Preservation Offices & Ohio Development Services Agency.

  • The credit is awarded through a competitive application process. Applications are accepted on a bi-annual basis in March (award announced in June) and September (award announced in December)
  • Qualification requirements and calculation of QREs are the same as for the Federal Historic Tax Credit
  • State tax credit equal to 25% of QREs
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