Historic Preservation Tax Credit
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:
- Building is listed on the National Register of Historic Places or determined by the staff at the State Historic Preservation Office (SHPO) to be eligible for listing
- Building is contributing to the significance of a historic district that is listed on or eligible to be listed on the National Register of Historic Places
- Building is designated as a local landmark by city or county ordinance
- Barn constructed before 1937 OR a barn listed on or eligible for listing on the National Register of Historic Places
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.