In its 34th year, the federal tax credit program approved $3.42 billion in the rehabilitation of historic buildings, created 41,641 new jobs, and created or renovated 13,273 housing units.
"Federal Tax Incentives for Rehabilitating Historic Buildings: Annual Report Fiscal Year 2010," a new report from the National Park Service, shows a nationwide impact in job creation, community reinvestment:
The Historic Preservation Tax Incentives Program, administered by the National
Park Service in partnership with the State Historic Preservation Officers, is the
nation’s most effective Federal program to promote urban and rural revitalization
and to encourage private investment in rehabilitating historic buildings.
Download the report here (PDF 373 KB) . . .
Federal tax incentives are available for income-producing certified historic structures and may be combined with state tax incentives. All preservation tax credit programs are administered through the N.C. Historic Preservation Office in the Dept. of Cultural Resources.