Tax Incentives for Preserving Historic Properties
The Federal Historic Preservation Tax Incentives program encourages private sector investment in the rehabilitation and re-use of historic buildings. It creates jobs and is one of the nation's most successful and cost-effective community revitalization programs. It has leveraged $116.34 billion in private investment to preserve more than 47,000 historic properties since 1976. The National Park Service, through its Technical Preservation Services division, and the Internal Revenue Service administer the program in partnership with State Historic Preservation Offices.
Banner photo: Cook County Hospital Administration Building, Chicago, Illinois, Dave Burk, SOM; Courtesy Murphy Real Estate Services