Rehabilitation Tax Credit
Federal Rehabilitation Tax Credit Information
The Rehabilitation Tax Credit (RTC) is jointly administered by the Internal Revenue Service (IRS) and the National Park Service (NPS) in partnership with State Historic Preservation Offices (SHPOs). In Florida the SHPO is the Division of Historical Resources.
The RTC is a federal income tax credit equal to 20% of the allowable expenses incurred in a certified rehabilitation of a certified historic structure.
A certified rehabilitation is one is one that is determined to meet The Secretary of the Interior's Standards for Rehabilitation and Guidelines for Rehabilitating Historic Buildings. A certified historic structure is a building that is listed in the National Register of Historic Places or deemed eligible for listing and subsequently listed. The NPS is the agency that certifies both the historic building and the rehabilitation through a three-part application.
A lesser credit of 10% is available for non-historic buildings placed in service prior to 1936. The 10% RTC is administered solely by the IRS.
The Florida SHPO is the first point of contact for Florida projects seeking the 20% RTC. After its review, the SHPO forwards applications to the NPS with recommendations. The NPS determinations are then forwarded to the IRS. A more detailed description of program requirements is provided in the NPS links below.
Rehabilitation Tax Credit Links
- TPS Tax Incentives - Homepage
- TPS Tax Incentives - Before You Apply
- TPS Tax Incentives - Preliminary Consultations
- Historic Preservation Tax Incentives - National Park Service brochure (pdf)
- Tax Credit Program application forms
- Florida Submittal Requirements
- National Park Service Transmittal Check List
- Required Supporting Information and Documentation
- Incentives: A Guide to the Federal Historic Preservation Tax Incentive Program for Income-Producing Properties
- Applying the Standards for Rehabilitation