Historic Tax Credits

NORF takes advantage of both the Federal and State Historic Tax Credit programs. These programs compensate private sector investors who rehabilitate and re-use buildings.

Federal Historic Tax Credits

A 20% income tax credit is available for the rehabilitation of buildings determined by the Secretary of the Interior, through the National Park Service, to be “certified historic structures.” These credits can be passed on to investors and provide “Dollar for Dollar” tax deductions.

State Historic Tax Credits

Depending on the state, 20%-25% of Qualified Rehabilitation Expenses incurred on a project may be passed through to investors or sold on the open market.