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 brand-new Report on Historic Preservation Tax Credits in Texas provides economic impact figures from the implementation of the Texas Historic Preservation Tax Credit on January 1, 2015 through August 31, 2020. It also showcases many tax credit rehabilitation projects in several categories, including places of worship, hotels, industrial buildings, cultural nonprofits, rural downtowns, residential, and universities.
Highlights
Fast
Facts
$880,565,142
Income generated by federal rehabilitation tax credit projects in Texas between 1979 and 2011
Publications
Forms
512.463.7687
