UStax_creditpct_of_investment
Historic Rehabilitation Credit
US-HISTREHAB · United States (Federal)
Summary
20% credit for qualified rehabilitation expenditures (structural components, interior/exterior walls, roofs, windows, doors, utilities) incurred in certified rehabilitation of certified historic structures. Requires approval by National Park Service and State Historic Preservation Office.
Benefit
- Percentage
- —
- Flat
- —
- Duration
- —
- Max annual
- — (taxpayer)
- Max total
- — (taxpayer)
- Carryforward
- —
Program metadata
- Distribution
- taxpayer_earned
- Claimant subject
- business
- Refund/transfer election
- —
- Program family
- —
- Effective
- —
- Sunset
- —
- Application deadline
- —
- Transfer discount
- —
Hard requirements (3)
- local_approval_requiredProperty must be a Certified Historic Structure as determined by NPS Part 1 application. Listed on the National Register of Historic Places (or a contributing structure in a Registered Historic District). Standalone application submitted to SHPO and forwarded to NPS Technical Preservation Services. Without Part 1 certification (or determination that the structure is "preliminarily determined eligible"), the federal Historic Rehabilitation Tax Credit cannot be claimed.
- local_approval_requiredRehabilitation work must be Certified by NPS — proposed work approved via Part 2 application before substantial work begins, completed work approved via Part 3 application after work is finished. Work must conform to the Secretary of the Interior's Standards for Rehabilitation. Without Part 2 + Part 3 approvals, the credit cannot be claimed; the credit is also subject to recapture for the first 5 years if the property is sold or ceases to be used as a certified rehab.
- local_approval_requiredState Historic Preservation Office (SHPO) review required for all NPS Part 1, 2, and 3 applications. SHPO forwards applications to NPS with a recommendation. In Colorado, SHPO is housed at History Colorado. SHPO-rejected applications typically do not advance to NPS, so SHPO review effectively gates the federal program at the state level.
Preference / tiering rules (0)
None.
NAICS industries (0)
Any.
Geo zones (0)
Statewide / none specified.
Tags (6)
- requires_historic_certification: true
- historic_certification_registry: National Register of Historic Places
- requires_application: true
- pre_approval_required: true
- approval_body: National Park Service (NPS) and State Historic Preservation Office (SHPO)
- filing_form: Form 3468 (Investment Credit)
Tax bases
- corporate_income_taxprimary
Approval requirements (3)
- requiredUS NPS — Certified Rehabilitation Approval (Part 2/3) — NPS Part 2 (proposed work) + Part 3 (completed work) — required for the credit. Subject to 5-year recapture if property is sold or use changes.
- requiredUS National Park Service — Historic Certification (Part 1) — NPS Part 1 historic-structure certification — required before the credit can be claimed.
- requiredState Historic Preservation Office (SHPO) — review — SHPO state-level review — applications flow through SHPO before reaching NPS. In CO, SHPO is at History Colorado.