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The Historic Preservation Tax Credit Program offers tax credits to developers who sensitively rehabilitate historic buildings to offer them new life. The program is administered by the IEDA in partnership with the State Historic Preservation Office (SHPO).
The building must be historically significant by meeting at least one of the following criteria:
The project must also include substantial rehabilitation and rehabilitation must meet the federal Secretary of the Interior's Standards for Rehabilitation.
Only an eligible taxpayer may apply for the state tax credit. More information and application deadline can be found on the IEDA website.