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Protecting Heritage: Incentives

Is your property already on the state or national register of historic places? 

Owners of National Register properties may be eligible for special historic preservation tax incentives. The Federal Investment Tax Credit Program authorizes a 20% investment tax credit coupled with accelerated depreciation for income-producing properties.

Dykeman Roebuck Archaeology LLC can partner with you and help you through this process.

Call 505 330 1825.


New Mexico

The Historic Preservation Division through its state and federal partners offers financial incentives to survey, record and preserve historic and prehistoric resources throughout the state. Tax credits, historic preservation loans, Certified Local Government Funds and small grants programs are available to individuals, groups and communities.

Rehabilitation of historic structures and sites may qualify to participate in programs that credit a percentage of project costs against state and/or federal taxes. Using local lending institutions as a conduit, the Historic Preservation Revolving Loan fund lends money to approved preservation projects below the prime rate. Certified Local Governments receive funds to help community preservation efforts, such as establishing ordinances or initiating surveys. Individuals and organizations have received funds to assist in a variety of projects, a survey of archaeological site to research for a publication to the creation of an exhibition.See Tax Credits, Loans and Grants, New Mexico Historic Preservation Division

Cultural Properties Preservation Easement Act, 1995  provides for donation, holding, and assignment of cultural properties preservation easements. this law allows a private landowner to give the historic aspect of real estate or other property to a non-profit organization to hold and maintain, while still keeping the right to use the other aspects of the property, including the right of sale. In some cases, the Internal Revenue Service sees this giving of the historic aspects of property as a charitable donation, which gains the landowner/honor a federal tax deduction.


Colorado

Federal and state tax laws provide tax incentives for historic preservation projects which follow the Secretary of the Interior's Standards for Rehabilitation.  The federal government offers a 20% investment tax credit for the approved rehabilitation of certified historic buildings used for income-producing purposes as well as a 10% credit for certain other older buildings.  The state offers a similar 20% state income tax credit based on $5,000 or more of approved preservation work on designated properties.  Applicants are urged to contact Office of Archaeology and Historic Preservation (OAHP) staff as early as possible when considering an application for either federal or state tax credits.  There is a $50,000 maximum credit per qualified property.  OAHP provides advice to property owners, developers, and architects concerning appropriate preservation and rehabilitation measures.  OAHP staff review applications for tax incentives and make recommendations for approval.

Contact:  Joseph Saldibar 303.866.3741 

Frequently Asked Questions (PDF)

OAHP - Investment Tax Credits Introduction


Utah

Architectural/Technical Assistance to Historic Building Owners

Frequently Asked Questions

Is there any information about my historic building?

Can my historic building be listed in the National Register?

How do I research the history of my old building?

Where can I get some technical information on rehabilitating or preserving my historic building?

Is there any money to help preserve historic buildings?

Are there any laws that will protect old buildings?

What other groups help preserve historic buildings?

How can I find out about statewide preservation projects?

What forms and brochures are available online?

Who is on staff in the Historic Preservation Office?

What buildings in Utah are listed in the National Register?

If you need further assistance please contact one of our staff: Staff Roster

Historic Preservation


Arizona

Grants Programs:

Tax Incentive Programs:

SHPO - National Register of Historic Places 

The SHPO is responsible for reviewing the eligibility of properties as well as rehabilitation plans to ensure their compliance with the Secretary of the Interior's Standards for Rehabilitation. Additionally, the State of Arizona maintains a property tax reduction program for non-income-producing properties listed on the National Register and a property tax incentive program for income-producing properties. This program is administered by the SHPO in conjunction with the county assessors. For information on the federal investment tax program, call Robert Frankeberger at (602)542-6943. For information on the state property tax program, call Erika Finbraaten at (602)542-6998.

Find out more information on Tax Incentives and Grant Programs

State Historic Property Tax Reclassification (SPT) for Owner-Occupied Homes

Tax Incentives and Grant Programs


 

US CODE Title 26,47. Rehabilitation credit

Tax Reform Act of 1976 (PL 94-455;90 Stat. 1525; 26 USC 1)

Sec. 48(g) and 170(h) Internal Revenue Code of 1986 (94 Stat. 3204; 26 USC 170(h))

Section 48(g) establishes which certified historic structures can qualify for preservation tax incentives. To qualify for the tax incentives, a property owner must have certification of both the historic structure and the completed rehabilitation.

Section 170(h)spells out the conditions under which charitable contributions of interests in historic property can qualify for income and estate tax deductions.  In general, such donations are said to be "charitable contributions" only for conservation purposes.

Public Buildings Cooperative Use Act (PL 94-541; 40 USC 601a) 

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