As part of the Texas Society of Architects 75th Annual Convention and Design Expo, the Texas Historical Commission will present Historic Tax Incentives in Texas: Combining the New State Credit with the Federal Investment Tax Credit. House Bill 500 was signed into law during the recent legislative session, authorizing a 25% tax credit for qualified rehabilitation expenses. This new state credit can be combined with the existing 20% federal investment tax credit for a total of 45% for historic rehabilitation projects in Texas. This session will discuss the two tax credit programs, how to qualify a project, and the process for approval.
The convention will be held November 6-8, 2014. Information is available at https://texasarchitects.org/v/about-the-annual-convention/.