Save Our Heritage Organisation
Reflections Quarterly Newsletter
2004 Volume 35, Issue 2
INCENTIVES!
Cliffs Notes for Tax Credits
April brings showers - and thoughts of taxes. If you've ever wondered what it takes to qualify a historic building rehab project for a Federal tax credit but been daunted by the complexity, a new tool can help you out.
INCENTIVES! is an online guide created by the National Park Service to introduce historic building owners, preservation consultants, community officials, architects and developers to the ins and outs of the 20 percent tax credit. The Website answers basic questions, provides general guidance on preparing and submitting application forms, documentation requirements, timing, reviews, and the overall decision-making process, and explains how to use the Secretary of the Interior's Standards for Rehabilitation.
Reprinted from Heritage News, monthly e-newsletter published by the National Park Service, NPS_HeritageNews@nps.gov.
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