IRS Information
The National Park Service and the Internal Revenue Service provide this information for use by applicants for the Historic Preservation Tax Incentives. Its purpose is to present an overview of pertinent topics. It should not be relied upon as definitive tax advice. Applicants are strongly encouraged to consult their tax advisor or the Internal Revenue Service about the tax implications of the Historic Preservation Tax Incentives.

Before submitting an application, consult your accountant or tax advisor to make sure that this federal tax credit is beneficial to you. Certain income and other restrictions may have a bearing on whether an owner is able to use the credit. The IRS administers the Department of the Treasury’s involvement with the Federal Historic Preservation Tax Incentives Program.
Internal Revenue Service Website
Rehabilitation Tax Credit - Real Estate Tax Tips
A good place to start is this main page on the IRS website. It links to relevant laws and regulations, revenue procedures, frequently asked questions, topical tax briefs, and forms.
Laws and Regulations
Internal Revenue Code Section 47. Rehabilitation Credit
Internal Revenue Code of 1986, Section 170(h). Qualified Charitable Contributions, as amended
Revenue Procedure 2014-12 (Safe Harbor)
Public Law No: 115-97 (December 22, 2017) amended the Internal Revenue Code, modified the 20% Historic Rehabilitation Tax Credit (with certain transition rules) and repealed the 10% non-historic tax credit.
Frequently Asked Questions
Topical Tax Briefs
Rehabilitation Credit and Low-Income Tax Credit Compared
Property Leased to Tax-Exempt Entitities, Tax-Exempt Partners
Lessee's Ability to Claim the Rehabilitation Credit
Rehabilitation Credit Recapture
Rehabilitation Credit - Qualified Rehabilitation Expenditures (QREs)