Our FREE workshop will be led by John P. Wood, who is a preservation/restoration specialist with the NC State Historic Preservation Office under the NC Department of Natural and Cultural Resources.
The historic tax credit is fundamentally a small business incentive.
Statewide tax credit programs are often used in conjunction with the Federal Historic Tax Credit. Learn more about this important historic preservation tool.
Since their creation in 1998, the North Carolina Rehabilitation Tax Credits have stimulated $1.6 billion of private investment in North Carolina’s heritage, creating an estimated 23,000 jobs, boosting local economies and communities and attracting out-of-state investment.
After more than five years of consistent advocacy the 20 percent historic tax credit has survived the most significant rewrite of the tax code in more than 30 years. Congress has confirmed once again that incentivizing the rehabilitation of our historic buildings makes good economic sense.
The federal Historic Tax Credit (HTC) was created in 1978 as an incentive to catalyze economic development through the restoration and reuse of America’s historic buildings. Since its inception, the HTC has been a widely used redevelopment tool, helping revitalize cities, towns and rural communities all across the country and to date has rehabilitated more than 42,000 buildings.