Rehabilitation Tax Credit


Rehabilitation Tax Credit
A federal tax incentive to encourage real estate developers to renovate, restore and reconstruct old buildings. Buildings placed in service before 1936 are eligible for a 10\% credit, and certified historic structures are eligible for a 20\% credit. The credit applies to the building's rehabilitation costs, but not to the cost of purchasing the building or to repairing sidewalks, parking lots and landscaping. The credit amount increases slightly if the building is also located in a specific disaster area.

The taxpayer must also meet requirements regarding the rehabilitation project timeframe and completion date to claim the credit. Enlargement and reconstruction projects are not eligible for the tax credit, and tax-exempt properties also do not qualify. Only the title holder of the property can claim the credit. Some states also offer rehabilitation tax credits to encourage redevelopment.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Low-Income Housing Tax Credit — The Low Income Housing Tax Credit (LIHTC; often pronounced lye tech ) is a tax credit created under the Tax Reform Act of 1986 (TRA86) that gives incentives for the utilization of private equity in the development of affordable housing aimed at… …   Wikipedia

  • Tax — Taxation An aspect of fiscal policy …   Wikipedia

  • Massachusetts Historical Commission — The Massachusetts Historical Commission (MHC) is a review board for state and federal preservation programs for the United States state of Massachusetts. It consists of 17 member panel of appointed representatives from state and private agencies… …   Wikipedia

  • Holland & Knight — Articleissues advert = March 2008 autobiography = y peacock = March 2008 wikify = February 2008Infobox Law Firm firm name = Holland Knight LLP firm headquarters = Decentralized num offices = 17 U.S., 2 international, 2 representative num… …   Wikipedia

  • Cummins School — U.S. National Register of Historic Places …   Wikipedia

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • History of the National Register of Historic Places — The History of the National Register of Historic Places began in 1966 when the United States government passed the National Historic Preservation Act (NHPA), which created the National Register of Historic Places (NRHP). Upon its inception, the U …   Wikipedia

  • List of Oregon ballot measures — Elections in Oregon Federal offices Presidential elections 2000 · 2004 · 2008 Presidential primaries …   Wikipedia

  • National Register of Historic Places — This article is about the U.S. Register. For the National Register of Historic Places in Canada, see Canadian Register of Historic Places. Old Slater Mill, a historic district in Pawtucket, Rhode Island, was the first property listed in the… …   Wikipedia

  • New Frontier — For other uses, see New Frontier (disambiguation). Part of the Politics series on Progressivism Schools American Progressivism Modern liberalism Progressive education Ideas …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.