Preservation Funding for Businesses

Website: nps.gov/tps/tax-incentives
Website: thc.texas.gov/taxincentives

• 20% federal income tax credit available for income-producing buildings listed in the National Register of Historic Places (NRHP) or National Historic Landmarks, buildings that contribute to NRHP districts and certain local historic districts, or buildings that are eligible for listing in the NRHP.
• Rehabilitation expenditures must exceed the value of the building itself (not including the land) prior to the beginning of the project. Most rehabilitation costs are eligible for the credit, such as structural work, building repairs, electrical, plumbing, heating and air conditioning, roof work, and painting. Some costs are NOT eligible for the credit, such as acquisition, new additions, furniture, and landscaping.
• The project work must meet the Secretary of the Interior's Standards for Rehabilitation.
• The Texas Historical Commission administers the federal tax credit program, in conjunction with the National Park Service and IRS. The THC encourages early consultation. Contact the Division of Architecture at 512-463-6094.
• Applications can be submitted at any time.

Website: thc.texas.gov/taxincentives

• 25% state franchise tax credit available for buildings listed in the National Register of Historic Places (NRHP) or National Historic Landmarks, buildings that contribute to NRHP districts and certain local historic districts, or buildings designated as Recorded Texas Historic Landmarks or State Antiquities Landmarks. 
• The building must either be income-producing or nonprofit. Owner-occupied residential properties and municipal offices are not eligible for the credit.
• Rehabilitation expenditures must exceed $5,000. Most rehabilitation costs are eligible for the credit, such as structural work, building repairs, electrical, plumbing, heating and air conditioning, roof work, and painting. Some costs are NOT eligible for the credit, such as acquisition, new additions, furniture and landscaping.
• The project work must meet the Secretary of the Interior's Standards for Rehabilitation.
• The Texas Historical Commission administers the state tax credit program, in conjunction with the Texas Comptroller of Public Accounts. The THC encourages early consultation. Contact the Division of Architecture at 512-463-6094.

Website: rd.usda.gov

• The RBEG program provides grants for rural projects that finance and facilitate development of small and emerging rural businesses, help fund distance learning networks, and help fund employment-related adult education programs.
• Eligible fund use includes acquisition or development of land, easements, or rights of way; construction, conversion, renovation, of buildings, plants, machinery, equipment, access streets and roads, parking areas, and utilities; pollution control and abatement; capitalization of revolving loan funds; training and technical assistance; distance adult learning for job training and advancement; rural transportation improvement; and project planning.
• Grants are available to rural public entities (towns, communities, state agencies, and authorities), Native American tribes, and rural nonprofit corporations.
• Awards range from $10,000 to $500,000. There is no cost-sharing requirement.