Texas' new state tax credit for rehabilitating historic commercial buildings goes into effect on January 1, 2015. The new 25 percent state historic tax credit, widely considered to be one of the most effective historic investment incentives in the nation, can be combined with the existing 20 percent federal historic rehabilitation tax credit. Whether utilizing one or both of the credits, these incentives can significantly assist the financing of historic rehabilitation projects.
Preservation Houston will introduce the Texas Historic Preservation Tax Credit during a workshop for developers, architects, Realtors, investors, community leaders and any other interested individuals on Tuesday, December 9. Presenters include Texas Historical Commission's Sharon Fleming and Valerie Magolan, Anna Mod of SWCA Environmental Consultants and tax credit strategist Ben Dupuy, plus a variety of developers who can discuss the practical application of the tax credits to historic rehabilitation projects. Breakout sessions will allow participants to discuss small- to large-scale projects.
Admission is $75 per person ($65 for Preservation Houston members) and includes lunch. Reservations and advance payment are required; reserve your seats at the workshop online now.