Hanbury Preservation Consulting

P.O. Box 6049
Raleigh, NC 27628 USA
(919) 828-1905 phone

Rehabilitation Tax Credits

Since 1976 there has been a provision in the federal tax code to provide credits for the rehabilitation of income-producing historic properties (20% of rehabilitation expenses). In the intervening years, many states have also adopted similar programs that include both income-producing and non income-producing buildings (owner occupied residences). Most programs share three qualities: the building must be certified historic, a threshold spending amount must be met, and rehabilitation must conform to the Secretary of the Interior’s Standards for Rehabilitation.

Hanbury Preservation Consulting can assist property owners, developers, architects, contractors and tax professionals in preparing documentation and providing technical assistance to meet the certification required to receive credits.