Federal, state, and local tax incentives exist for owners of historic properties. The Federal Historic Preservation Tax Incentives Program includes a 20 percent income tax credit for the rehabilitation of historic, income-producing buildings. The new Texas Historic Preservation Tax Credit Program offers a 25 percent tax credit for the rehabilitation of historic buildings.
Additionally, a state sales tax exemption on labor is available for work to buildings listed in the National Register of Historic Places. County and local taxing authorities may grant property tax exemptions for buildings with state or local historical designations.
Out Now!
Our Report on Historic Preservation Tax Credits in Texas highlights the economic impact of projects certified for the Texas Historic Preservation Tax Credit during fiscal years 2021 and 2022 (from September 1, 2020 through August 31, 2022). These projects have not only preserved Texas’ historic buildings, but have also supported jobs and boosted our state and local economies. Showcasing many tax credit rehabilitation projects in urban and rural areas, the report features places of worship, hotels, industrial buildings, cultural nonprofits, rural downtowns, residential, and universities.
Fast
Facts
419 sqft
Floor area of the Whiskey Warehouse, Columbus, the smallest building certified under the state tax credit program
What's New
Important Notice: Transition to Electronic Submissions
As of August 15, 2023, all applications for the state and federal tax credit programs will now be submitted electronically.
This is a major and exciting change after 40 years of accepting solely hard-copy submissions.
For more information about electronic submissions for the federal tax credit program, please see the National Park Service's website.
In the coming weeks, Texas's digital submissions website will be taking shape as well. Please check back for regular updates during this transition period!
Publications
Forms
512.475.0129
