Incentives for Preservation
Oct 29, 2019
4 minutes
By Maggie Meahl
Photographs by Michael Selbst
Are you thinking of purchasing an old house that’s in an historic district, or eligible for National Register status? Did you know that your investment could qualify for substantial tax credits at both federal and state levels?
Although it’s a somewhat time-consuming and detailed process, applying for historic tax credits is definitely worthwhile for those willing to use a historic building as an income-producing property for a minimum of five years. After that, you the owner can move right in. According to the National Park Service website (the NPS runs the program): “… if a portion of a personal residence is used for business, such
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