Federal and State Historic Preservation Tax Credits


INCOME-PRODUCING PROPERTIES TAX CREDIT FACT SHEET  (Including commercial and residential rental; both Federal and N.C. credits apply)

NON-INCOME-PRODUCING PROPERTIES TAX CREDIT FACT SHEET  (Including owner-occupied residential; only N.C. credits apply)

"THE BASICS": NORTH CAROLINA TAX CREDIT FACT SHEET  (State tax credits for income-producing and non-income-producing properties)

Income tax incentives for the rehabilitation of historic structures are important tools for historic preservation and economic development in North Carolina. A federal income tax credit for the rehabilitation of historic structures first appeared in 1976 and today consists of a 20% credit for the qualifying rehabilitation of income-producing historic properties. In January 2016, new North Carolina historic preservation tax credits took effect that provide credits for both income-producing and non-income producing historic properties. Since 1976, over 3,100 completed "certified rehabilitation" projects have been reviewed by the N.C. State Historic Preservation Office, representing almost two billion dollars of investment in historic properties. The spinoff from all this activity includes job creation, downtown and neighborhood revitalization, improved community appearance, and greater community pride. Historic preservation is smart growth, and smart investment.

The Restoration Services Branch of the State Historic Preservation Office reviews and provides technical assistance to all preservation tax credit projects, both state and federal. For copies of tax credit applications and instructions, contact either

Tim Simmons, Income-Producing Tax Credit Coordinator (tim.simmons@ncdcr.gov), 919-807-6585
David Christenbury, Non-Income-Producing Tax Credit Coordinator (david.christenbury@ncdcr.gov), 919-807-6574
Jannette Coleridge-Taylor, Historic Tax Credit Program Assistant (jannette.coleridge-taylor@ncdcr.gov), 919-807-6590

and provide your name, address, and name and location of your project.

North Carolina Historic Preservation Tax Credits. The original state tax credit program began in 1998 but expired at the end of 2014.  New  state historic preservation tax credits became effective January 1, 2016

    Examples of Photographs to be submitted with your State Residential/Homeowner Historic Rehabilitation Tax Credit Application

The Economic Impact of the Rehabilitation Investment Tax Credit Program in North Carolina. Reviews the contributions of preservation investment tax credits to economic development in North Carolina. 

The Federal Historic Rehabilitation Investment Tax Credit: Frequently Asked Questions. Summarizes the scope and requirements of the federal investment tax credit program.

The Secretary of the Interior's Standards for Rehabilitation. These are the "ten commandments" for guidance in rehabilitating historic structures. A rehabilitation must meet these standards to qualify as a "certified rehabilitation" for the purposes of both federal and state tax credits.

Link to Federal Historic Preservation Tax Credits, posted by the National Park Service. Includes illustrated guidelines for rehabilitating historic buildings.

4/21/2017

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