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Historic Tax Credit (HTC)
15.961
Commonly known as the Rehabilitation Tax Credit or the Historic Tax Credit, the program provides a 20-percent federal tax credit to property owners who undertake a substantial rehabilitation of a historic building in a business or income-producing use while maintaining its historic character. The credit promotes historic preservation and community revitalization through the private investment in the rehabilitation of historic buildings.
This chart shows obligations for the program by fiscal year. All data for this chart was provided by the
administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.
For more information on each of these data sources, please see the
About the data page.
No information available. 1,038 completed rehabilitation projects certified and 1,299 proposed projects approved.
The program certified 1,035 completed rehabilitation projects.
In FY2018, the program certified 1,013 completed rehabilitation projects. A similar number of projects requesting final certification is anticipated for FY2019 and FY2020.
Numerous property owners received assistance and review of relevant plans that enabled them to receive historic property tax credits through the IRS.
Examples of certified projects can be found in annual reports and case studies available at https://www.nps.gov/tps/taxincentives.htm
The program publishes annual reports that include annual program accomplishments at https://www.nps.gov/subjects/taxincentives/reports-archive.htm.
Single Audit Applies (2 CFR Part 200 Subpart F):
For additional information on single audit requirements for this program, review the current Compliance Supplement.
OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.
