The Federal Historic Preservation Tax Incentives is described here
in general terms only. For more detailed information, including copies
of application forms, regulations, and other program information, contact
one of the offices listed
online. The Tax Reform Act of 1986, as amended,
is complex. Readers should consult an accountant, tax attorney, or other
professional tax advisor, legal counsel, or the Internal Revenue Service
for help in determining the tax and other financial implications of any
matter discussed here.
Department of the Interior regulations governing the procedures for
obtaining historic preservation certifications are more fully explained
in Title 36 of the Code of Federal Regulations, Part 67. The Internal Revenue
Service regulations governing the tax credits for rehabilitation are contained
in Treasury Regulation Section 1.48-12. These sets of regulations take
precedence in the event of any inconsistency with this publication.
Preservation Tax Incentives
Historic buildings are tangible links with the past. They help give a community
a sense of identity, stability and orientation.
The Federal government encourages the preservation of historic buildings
through various means. One of these is the program of Federal tax incentives
to support the rehabilitation of historic and older buildings. The Federal
Historic Preservation Tax Incentives program is one of the Federal government's
most successful and cost-effective community revitalization programs. The
Preservation Tax Incentives reward private investment in rehabilitating
historic properties such as offices, rental housing, and retail stores.
Since 1976, the National Park Service has administered the program
in partnership with the Internal Revenue Service and with State Historic
Preservation Officers. The tax incentives have spurred the rehabilitation
of historic structures of every period, size, style and type. They have
been instrumental in preserving the historic places that give cities, towns
and rural areas their special character. The tax incentives for preservation
attract new private investment to the historic cores of cities and towns.
They also generate jobs, enhance property values, and augment revenues
for State and local governments through increased property, business and
income taxes. The Preservation Tax Incentives also help create moderate
and low-income housing in historic buildings. Through this program, abandoned
or under used schools, warehouses, factories, churches, retail stores,
apartments, hotels, houses, and offices throughout the country have been
restored to life in a manner that maintains their historic character. Current
tax incentives for preservation, established by the Tax Reform Act of 1986
(PL 99-514; Internal Revenue Code Section 47 [formerly Section 48(g)])
include:
20% tax credit for the certified rehabilitation of certified historic
structures.
a 10% tax credit for the rehabilitation of non-historic, non-residential
buildings built before 1936.
For both credits, the rehabilitation must be a substantial one and
must involve a depreciable building. (These terms will be explained later.)
What Is a Tax Credit?
A tax credit differs from an income tax deduction. An income tax deduction
lowers the amount of income subject to taxation. A tax credit, however,
lowers the amount of tax owed. In general, a dollar of tax credit reduces
the amount of income tax owed by one dollar.
The 20% rehabilitation tax credit equals 20% of the amount spent in
a certified rehabilitation of a certified historic structure.
The 10% rehabilitation tax credit equals 10% of the amount spent to
rehabilitate a non-historic building built before 1936.
20% Rehabilitation Tax Credit
The Federal historic preservation tax incentives program (the 20% credit)
is jointly administered by the U.S. Department of the Interior and the
Department of the Treasury. The National Park Service (NPS) acts on behalf
of the Secretary of the Interior, in partnership with the State Historic
Preservation Officer (SHPO) in each State. The Internal Revenue Service
(IRS) acts on behalf of the Secretary of the Treasury. Certification requests
(requests for approval for a taxpayer to receive these benefits) are made
to the National Park Service through the appropriate State Historic Preservation
Officer (SHPO). Comments by the SHPO on certification requests are fully
considered by the NPS. However, approval of projects undertaken for the
20% tax credit is conveyed only in writing by duly authorized officials
of the National Park Service.
The 20% rehabilitation tax credit applies to any project that the Secretary
of the Interior designates a certified rehabilitation of a certified historic
structure. The 20% credit is available for properties rehabilitated for
commercial, industrial, agricultural, or rental residential purposes, but
it is not available for properties used exclusively as the owner's private
residence.
What is a certified historic structure?
A certified historic structure is a building that is listed individually
in the National Register of Historic Places OR a building that is located
in a registered historic district and certified by the National Park Service
as contributing to the historic significance of that district. The structure
must be a building (not a bridge, ship, railroad car, or dam). A registered
historic district is any district listed in the National Register of Historic
Places. A State or local historic district may also qualify as a registered
historic district if the district and the enabling statute are certified
by the Secretary of the Interior.
Obtaining Certified Historic Structure
Status
Owners of buildings within historic districts must complete Part 1 of the
Historic Preservation Certification Application--Evaluation of Significance.
The owner submits this application to the SHPO. The SHPO reviews the application
and forwards it to the NPS with a recommendation for approving or denying
the request. The NPS then determines whether the building contributes to
the historic district. If so, the building then becomes a certified historic
structure. The NPS bases its decision on the Secretary of the Interior's
Standards for Evaluating Significance within Registered Historic Districts.
Buildings individually listed in the National Register of Historic
Places are already certified historic structures. Owners of these buildings
need not complete the Part 1 application.
Property owners unsure if their building is listed in the National
Register or if it is located in a National Register or certified State
or local historic district should contact their SHPO.
What if my building is not yet listed
in the National Register?
Owners of buildings that are not yet listed individually in the National
Register of Historic Places or located in districts that are not yet registered
historic districts may use the Historic Preservation Certification Application,
Part 1, to request a preliminary determination of significance from the
National Park Service. Such a determination may also be obtained for a
building located in a registered historic district but that is outside
the period or area of significance of the district. A preliminary determination
of significance allows the owner to proceed with the rehabilitation project
while the process of nominating a building or a district continues. Preliminary
determinations, however, are not binding. They become final only when the
building or the historic district is listed in the National Register or
when the district documentation is amended to include additional periods
of areas of significance.
What is a certified rehabilitation?
The National Park Service must approve, or certify, all rehabilitation
projects seeking the 20% rehabilitation tax credit. A certified rehabilitation
is a rehabilitation of a certified historic structure that is approved
by the NPS as being consistent with the historic character of the property
and, where applicable, the district in which it is located. The NPS assumes
that some alteration of the historic building will occur to provide for
an efficient use. However, the project must not damage, destroy, or cover
materials or features, whether interior or exterior, that help define the
building's historic character.
Application Process
Owners seeking certification of rehabilitation work must complete Part
2 of the Historic Preservation Certification Application--Description of
Rehabilitation. Long-term lessees may also apply if their lease is 27.5
years for residential property or 39 years for nonresidential property.
The owner submits the application to the SHPO. The SHPO provides technical
assistance and literature on appropriate rehabilitation treatments, advises
owners on their applications, makes site visits when possible, and forwards
the application to the NPS, with a recommendation.
The NPS reviews the rehabilitation project for conformance with the
Secretary of the Interior's Standards for Rehabilitation, and issues a
certification decision. The entire project is reviewed, including related
demolition and new construction, and is certified, or approved, only if
the overall rehabilitation project meets the Standards. Both the NPS and
the IRS strongly encourage owners to apply before they start work.
After the rehabilitation work is completed, the owner submits Part
3 of the Historic Preservation Certification Application: Request for Certification
of Completed Work to the SHPO. The SHPO forwards the application to the
NPS, with a recommendation as to certification. The NPS then evaluates
the completed project against the work proposed in the Part 2: Description
of Rehabilitation. Only completed projects that meet the Standards for
Rehabilitation are approved as certified rehabilitations for purposes of
the 20% rehabilitation tax credit.
Processing Fees
The NPS charges a fee for reviewing applications, except where the total
rehabilitation cost is under $20,000. Fees are charged according to a two-tiered
system: a preliminary fee and a final fee. The preliminary fee is $250.
It covers NPS review of proposed rehabilitation work. The final fee covers
NPS review of completed projects. The final fee amount depends on the cost
of the rehabilitation, according to the fee schedule below. The preliminary
fee is deducted from the final fee. Payment should not be sent until requested
by the NPS. The NPS will not issue a certification decision until payment
has been received.
IRS Requirements
To be eligible for the 20% rehabilitation tax credit, a project must also
meet the following basic tax requirements of the Internal Revenue Code:
The building must be depreciable. That is, it must be used in a trade
or business or held for the production of income. It may be used for offices,
for commercial, industrial or agricultural enterprises, or for rental housing.
It may not serve exclusively as the owner's private residence.
The rehabilitation must be substantial. That is, during a 24-month
period selected by the taxpayer, rehabilitation expenditures must exceed
the greater of $5,000 or the adjusted basis of the building and its structural
components. The adjusted basis is generally the purchase price, minus the
cost of land, plus improvements already made, minus depreciation already
taken. Once the substantial rehabilitation test is met, all qualified expenditures,
including those incurred outside of the measuring period, qualify for the
credit.
If the rehabilitation is completed in phases, the same rules apply,
except that a 60-month measuring period applies. This phase rule is available
only if: (1) there is a set of architectural plans and specifications for
all phases of the rehabilitation, and (2) it can reasonably be expected
that all phases of the rehabilitation will be completed.
The property must be placed in service (that is, returned to use).
The rehabilitation tax credit is generally allowed in the taxable year
the rehabilitated property is placed in service.
The building must be a certified historic structure when it is placed
in service; if it is not yet a certified historic structure when it is
placed in service, the owner must have requested on or before the date
that the building was placed in service a determination from the NPS that
the building is a certified historic structure, and have a reasonable expectation
that the determination will be granted. (This means, generally, for buildings
not individually listed in the National Register of Historic Places, that
Part 1 of the Historic Preservation Certification Application must have
been filed before the building was placed in service.)
Qualified rehabilitation expenditures include costs associated with
the work undertaken on the historic building, as well as architectural
and engineering fees, site survey fees, legal expenses, development fees,
and other construction-related costs, if such costs are added to the basis
of the property and are determined to be reasonable and related to the
services performed. They do not include costs of acquiring or furnishing
the building, new additions that expand the existing building, new building
construction, or parking lots, sidewalks, landscaping, or other facilities
related to the building.
Getting your project approved, or certified
Tens of thousands of projects have been approved for the historic preservation
tax credit. Observing the following points will make approval of your project
easier:
Apply as soon as possible -- preferably before beginning work. Consult
with the SHPO as soon as you can. Read carefully the program application,
regulations, and any other information the SHPO supplies. Submit your application
early in the project planning. Wait until the project is approved in writing
by the NPS before beginning work. Work undertaken prior to approval by
the NPS may jeopardize certification. In the case of properties not yet
designated certified historic structures, apply before the work is completed
and the building placed in service.
Photograph the building inside and outside -- before and after the
project. Before photographs are especially important. Without them, it
may be impossible for the NPS to approve a project.
Read and follow the Secretary of the Interior's Standards for Rehabilitation
and the Guidelines for Rehabilitating Historic Buildings. If you are unsure
how they apply to your building, consult with the SHPO or the NPS.
Once you have applied, alert the SHPO and the NPS to any changes in
the project.
Claiming the 20% Rehabilitation Tax
Credit
Generally, the tax credit is claimed on IRS form 3468 for the tax year
in which the rehabilitated building is placed in service. For phased projects,
the tax credit may be claimed before completion of the entire project provided
that the substantial rehabilitation test has been met. If a building remains
in service throughout the rehabilitation, then the credit may be claimed
when the substantial rehabilitation test has been met.
The IRS requires that the NPS certification of completed work (Application
Part 3) be filed with the tax return claiming the tax credit. If final
certification has not yet been received when the taxpayer files the tax
return claiming the credit, a copy of the first page of the Historic Preservation
Certification Application--Part 2 must be filed with the tax return. The
copy of the application filed must show evidence that it has been received
by either the SHPO or the NPS (date-stamped receipt or other notice is
sufficient). If the taxpayer then fails to receive final certification
within 30 months after claiming the credit, the taxpayer must agree to
extend the period of assessment. If the NPS denies certification to a rehabilitation
project, the credit will be disallowed.
Recapture of the Credit
The owner must hold the building for five full years after completing the
rehabilitation, or pay back the credit. If the owner disposes of the building
within a year after it is placed in service, 100% of the credit is recaptured.
For properties held between one and five years, the tax credit recapture
amount is reduced by 20% per year.
The NPS or the SHPO may inspect a rehabilitated property at any time
during the five-year period. The NPS may revoke certification if work was
not done as described in the Historic Preservation Certification Application,
or if unapproved alterations were made for up to five years after certification
of the rehabilitation. The NPS will notify the IRS of such revocations.
Depreciation
Rehabilitated property is depreciated using the straight-line method over
27.5 years for residential property and over 39 years for nonresidential
property. The depreciable basis of the rehabilitated building must be reduced
by the full amount of the tax credit claimed.
Rehabilitation Tax Credits: Who Does
What?
The Federal historic preservation tax incentives program is a partnership
among the National Park Service (NPS), the State Historic Preservation
Officer (SHPO), and the Internal Revenue Service (IRS). Each plays an important
role.
SHPO
Serves as first point of contact for property owners.
Provides application forms, regulations, and other program information.
Maintains complete records of the State's buildings and districts listed
in the National Register of Historic Places, as well as State and local
districts that may qualify as registered historic districts.
Assists anyone wishing to list a building or a district in the National
Register of Historic Places.
Provides technical assistance and literature on appropriate rehabilitation
treatments.
Advises owners on their applications and makes site visits on occasion
to assist owners.
Makes certification recommendations to the NPS.
NPS
Reviews all applications for conformance to the Secretary of the Interior's
Standards for Rehabilitation.
Issues all certification decisions (approvals or denials) in writing.
Transmits copies of all decisions to the IRS.
Develops and publishes program regulations, the Secretary of the Interior's
Standards for Rehabilitation, the Historic Preservation Certification Application,
and information on rehabilitation treatments.
IRS
Publishes regulations governing which rehabilitation expenses qualify,
the time periods for incurring expenses, the tax consequences of certification
decisions by NPS, and all other procedural and legal matters concerning
both the 20% and the 10% rehabilitation tax credits.
Answers public inquiries concerning legal and financial aspects of
the Rehabilitation Tax Credit program, and publishes the audit guide, Market
Segment Specialization Program: Rehabilitation Tax Credit, to assist owners.
Insures that only parties eligible for the rehabilitation tax credits
utilize them.
10% Rehabilitation Tax Credit
The 10% rehabilitation tax credit is available for the rehabilitation of
non-historic buildings built before 1936.
As with the 20% rehabilitation tax credit, the 10% credit applies only
to buildings--not to ships, bridges or other structures. The rehabilitation
must be substantial, exceeding either $5,000 or the adjusted basis of the
property, whichever is greater. And the property must be depreciable.
The 10% credit applies only to buildings rehabilitated for non-residential
uses. Rental housing would thus not qualify. Hotels, however, would qualify.
They are considered to be in commercial use, not residential.
A building that has been moved is ineligible for the 10% rehabilitation
credit. (A moved certified historic structure, however, can still be eligible
for the 20% credit.) Furthermore, projects undertaken for the 10% credit
must meet a specific physical test for retention of external walls and
internal structural framework:
at least 50% of the building's walls existing at the time the rehabilitation
began must remain in place as external walls at the work's conclusion,
and
at least 75% of the building's existing external walls must remain
in place as either external or internal walls, and
at least 75% of the building's internal structural framework must remain
in place.
Claiming the 10% Rehabilitation Tax
Credit
The tax credit must be claimed on IRS form 3468 for the tax year in which
the rehabilitated building is placed in service. There is no formal review
process for rehabilitations of non-historic buildings.
The 10% or 20% Credit: Which One Applies?
The 10% rehabilitation tax credit applies only to non-historic, non-residential
buildings built before 1936. The 20% rehabilitation tax credit applies
only to certified historic structures, and may include buildings built
after 1936. The two credits are mutually exclusive. Only one applies to
a given project. Which credit applies depends on the building--not on the
owner's preference.
Buildings listed in the National Register of Historic Places are not
eligible for the 10% credit. Buildings located in National Register listed
historic districts or certified State or local historic districts are presumed
to be historic and are therefore not eligible for the 10% credit. Owners
of buildings in these historic districts may claim the 10% credit only
if they file Part 1 of the Historic Preservation Certification Application
with the National Park Service and receive a determination that the building
does not contribute to the district and is not a certified historic structure.
Owners of historic buildings denied certification for the 20% credit may
not claim the 10% credit.
Other Tax Provisions Affecting Use
of Preservation Tax Incentives
A number of provisions in the Internal Revenue Code affect the way in which
real estate investments are treated generally. These provisions include
the alternative minimum tax, the at-risk rules, and, most importantly,
the passive activity limitation. What these provisions mean, in practice,
is that many taxpayers may not be able to use in one year all of the tax
credits earned in a certified rehabilitation project.
A brief discussion of these matters follows. Readers should seek professional
advice concerning the personal financial implications of these provisions.
Passive Activity Limitation
The passive activity limitation provides that losses and credits from passive
income sources, such as real estate limited partnerships, cannot be used
to offset tax liability from active sources such as salaries. This passive
activity limitation does not apply to:
Most regular corporations.
Real estate professionals who materially participate in a real property
trade or business and who satisfy eligibility requirements regarding the
proportion and amount of time spent in such businesses.
For other taxpayers, two exceptions apply: a general exception and
a specific exception for certified rehabilitations.
General Passive Loss Rules
Taxpayers with incomes less than $100,000 (generally, adjusted gross income
with certain modifications) may take up to $25,000 in losses annually from
rental properties. This $25,000 annual limit on losses is reduced for individuals
with incomes between $100,000 and $150,000 and eliminated for individuals
with incomes over $150,000.
Passive Credit Exemption
Individuals, including limited partners, with adjusted gross incomes of
less than $200,000 (and, subject to phase out, up to $250,000) investing
in a rehabilitation credit project may use the tax credit to offset the
tax owed on up to $25,000 of income. Thus, a taxpayer in the 36% tax bracket
could use $9,000 of tax credits per year (36% x $25,000 = $9,000). Unused
tax credits may be carried forward indefinitely until used up.
This $25,000 amount is first reduced by losses allowed under the general
passive loss rule above for taxpayers with incomes less than $150,000.
At-Risk Rules
Under Internal Revenue Code Section 465, a taxpayer may deduct losses and
obtain credits from a real estate investment only to the extent that the
taxpayer is at-risk for the investment. The amount that a taxpayer is at-risk
is generally the sum of cash or property contributions to the project plus
any borrowed money for which the taxpayer is personally liable, including
certain borrowed amounts secured by the property used in the project. In
addition, in the case of the activity of holding real property, the amount
at-risk includes qualified non-recourse financing borrowed from certain
financial institutions or government entities.
Alternative Minimum Tax
Taxpayers who are not required to pay tax under the regular tax system
may still be liable for tax under the alternative minimum tax laws. Alternative
minimum taxable income is computed from regular taxable income with certain
adjustments and the addition of all appropriate tax preference items.
Non refundable credits, such as the rehabilitation tax credit, may
not be used to reduce the alternative minimum tax. If a taxpayer cannot
use the tax credit because of the alternative minimum tax, the credit can
be carried back or forward.
Rehabilitations Involving Governments
and Other Tax-Exempt Entities
Property used by governmental bodies, nonprofit organizations, or other
tax-exempt entities is not eligible for the rehabilitation tax credit if
the tax-exempt entity enters into a disqualified lease (as the lessee)
for more than 35% of the property. A disqualified lease occurs when:
Part or all of the property was financed directly or indirectly by
an obligation in which the interest is tax-exempt under Internal Revenue
Code Section 103(a) and such entity (or related entity) participated in
such financing; or,
Under the lease there is a fixed or determinable price for purchase
or an option to buy which involves such entity (or related entity); or,
The lease term is in excess of 20 years; or,
The lease occurs after a sale or lease of the property and the lessee
used the property before the sale or lease.
Other Tax Incentives for Historic Preservation
Other Federal and State tax incentives exist for historic preservation.
They may be combined with the rehabilitation tax credit.
Charitable Contributions for Historic
Preservation Purposes
Internal Revenue Code Section 170(h) and Department of the Treasury Regulation
Section 1.170A-14 provide for income and estate tax deductions for charitable
contributions of partial interests in historic property (principally easements).
The Tax Reform Act of 1986 retained these provisions. Generally, the IRS
considers that a donation of a qualified real property interest to preserve
a historically important land area or a certified historic structure meets
the test of a charitable contribution for conservation purposes. For purposes
of the charitable contribution provisions only, a certified historic structure
need not be depreciable to qualify, may be a structure other than a building
and may also be a portion of a building such as a facade, if that is all
that remains, and may include the land area on which it is located.
The IRS definition of historically important land areas includes:
independently significant land areas, including any related historic
resources that meet National Register Criteria for Evaluation;
land areas within registered historic districts, including buildings,
that contribute to the significance of the historic district; and,
land areas adjacent to a property individually listed in the National
Register of Historic Places (but not within a historic district) where
physical or environmental features of the land area contribute to the historic
or cultural integrity of the historic property.
State Tax Incentives
A number of States offer tax incentives for historic preservation. They
include tax credits for rehabilitation, tax deductions for easement donations,
and property tax abatements or moratoriums. The SHPO will have information
on current State programs. Requirements for State incentives may differ
from those outlined here.
Investment Tax Credit for Low Income
Housing
The Tax Reform Act of 1986 (IRC Section 42) also established an investment
tax credit for acquisition, construction, or rehabilitation of low income
housing. The credit is approximately 9% per year for 10 years for each
unit acquired, constructed, or rehabilitated without other Federal subsidies
and approximately 4% for 10 years for units involving the 20% rehabilitation
tax credit, Federal subsidies or tax-exempt bonds. Units must meet tests
for cost per unit and number of units occupied by individuals with incomes
below area median income. The law sets a 15-year compliance period. Credits
are allocated by State Housing Credit Agencies.
The Secretary of the Interior's Standards
for Evaluating Significance Within Registered Historic Districts
The following Standards govern whether buildings within a historic district
contribute to the significance of the district. Owners of buildings that
meet these Standards may apply for the 20% rehabilitation tax credit. Buildings
within historic districts that meet these Standards cannot qualify for
the 10% credit.
1.A building contributing to the historic significance of a district
is one which by location, design, setting, materials, workmanship, feeling
and association adds to the district's sense of time and place and historical
development.
2.A building not contributing to the historic significance of a district
is one which does not add to the district's sense of time and place and
historical development; or one where the location, design, setting, materials,
workmanship, feeling and association have been so altered or have so deteriorated
that the overall integrity of the building has been irretrievably lost.
3. Ordinarily buildings that have been built within the past 50 years
shall not be considered to contribute to the significance of a district
unless a strong justification concerning their historical or architectural
merit is given or the historical attributes of the district are considered
to be less than 50 years old.
The Secretary of the Interior's Standards
for Rehabilitation
Rehabilitation projects must meet the following Standards, as interpreted
by the National Park Service, to qualify as certified rehabilitations eligible
for the 20% rehabilitation tax credit. The Standards are applied to projects
in a reasonable manner, taking into consideration economic and technical
feasibility.
The Standards (36 CFR Part 67) apply to historic buildings of all periods,
styles, types, materials, and sizes. They apply to both the exterior and
the interior of historic buildings. The Standards also encompass related
landscape features and the building's site and environment as well as attached,
adjacent, or related new construction.
1. A property shall be used for its historic
purpose or be placed in a new use that requires minimal change to the defining
characteristics of the building and its site and environment.
2. The historic character of a property shall
be retained and preserved. The removal of historic materials or alteration
of features and spaces that characterize a property shall be avoided.
3. Each property shall be recognized as a
physical record of its time, place, and use. Changes that create a false
sense of historical development, such as adding conjectural features or
architectural elements from other buildings, shall not be undertaken.
4. Most properties change over time; those
changes that have acquired historic significance in their own right shall
be retained and preserved.
5. Distinctive features, finishes, and construction
techniques or examples of craftsmanship that characterize a historic property
shall be preserved.
6. Deteriorated historic features shall be
repaired rather than replaced. Where the severity of deterioration requires
replacement of a distinctive feature, the new feature shall match the old
in design, color, texture, and other visual qualities and, where possible,
materials. Replacement of missing features shall be substantiated by documentary,
physical, or pictorial evidence.
7. Chemical or physical treatments, such as
sandblasting, that cause damage to historic materials shall not be used.
The surface cleaning of structures, if appropriate, shall be undertaken
using the gentlest means possible.
8. Significant archeological resources affected
by a project shall be protected and preserved. If such resources must be
disturbed, mitigation measures shall be undertaken.
9. New additions, exterior alterations, or
related new construction shall not destroy historic materials that characterize
the property. The new work shall be differentiated from the old and shall
be compatible with the massing, size, scale, and architectural features
to protect the historic integrity of the property and its environment.
10. New additions and adjacent or related
new construction shall be undertaken in such a manner that if removed in
the future, the essential form and integrity of the historic property and
its environment would be unimpaired.
For More Information
For more information on tax incentives for historic preservation, contact
the NPS, the IRS, or one of the SHPOs listed below. Available information
includes:
A Catalog of NPS publications on appropriate methods to preserve historic
buildings. These include Guidelines for Rehabilitating Historic Buildings,
Preservation Briefs, and many others.
The Historic Preservation Certification Application (a 3-part form:
Part 1--Evaluation of Significance; Part 2--Description of Rehabilitation;
Part 3--Request for Certification of Completed Work).
Department of the Interior, National Park Service, regulations on Historic
Preservation Certifications. [36 CFR Part 67].
Department of the Treasury, Internal Revenue Service, regulations on
Investment Tax Credit for Qualified Rehabilitation Expenditures. [Treasury
Regulation Section 1.48-12].
Market Segment Specialization Program: Rehabilitation Tax Credit (available
only from the IRS).
National Park Service and State Historic Preservation Officers
Preservation Tax Incentives
Technical Preservation Services
National Park Service
Room NC200
1849 C Street, NW
Washington, D.C. 20240
202-343-9578
e-mail: hps-info@nps.gov
Historic Preservation in New Jersey