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How is the Federal Historic Preservation
Tax Incentives Program administered?
Answer
The tax incentives program is a partnership program among the State
Historic Preservation Offices (SHPOs), the National Park Service
(NPS), and the Internal Revenue Service (IRS). This is what each
entity does:
SHPOs
- Serve as first point of contact for property owners.
- Provide application forms, regulations, information on appropriate
treatments, and technical assistance.
- Maintain records of buildings and districts listed in the National
Register of Historic Places, as well as state and local certified
historic districts.
- Assist anyone wishing to list a building or a district in the
National Register of Historic Places.
- Advise applicants on rehabilitation projects and make site visits.
- Make certification recommendations to the NPS.
NPS
- Reviews applications for conformance with the Secretary of the
Interior’s Standards for Rehabilitation.
- Issues certification decisions in writing.
- Transmits copies of all decisions to the IRS.
- Publishes program regulations, the Secretary of the Interior’s
Standards for Rehabilitation, the Historic Preservation Certification
Application, and information on rehabilitation treatments.
IRS
- Publishes regulations on qualified rehabilitation expenses,
time periods for incurring expenses, and all other financial matters
concerning the 20% tax credit.
- Answers inquiries on financial aspects of the program, and publishes
an audit guide to assist owners.
- Audits taxpayers to ensure that only parties eligible for the
20% tax credits use them.
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This historic adobe house in Santa Fe, New Mexico, was rehabilitated for rental residential use. Photo: NPS files
A historic mill building in Augusta, Georgia, was rehabilitated for mixed commercial and residential use.
Photo: NPS files
A historic feed store in Lynchburg, Virginia, was rehabilitated for use as a children’s museum. Photo:
NPS files |
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