Preservation Tax Incentives

Historic photo of Dallas Post OficeFederal, 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.

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Facts

$3.55 billion

Total estimated rehabilitation expenditures for all Part B project proposals for the state tax credit program, 2015-2020

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