Federal Historic Tax Credit (20% Rehabilitation Credit)

About This Program

The Federal Historic Rehabilitation Tax Credit provides a 20% federal income tax credit for certified rehabilitations of certified historic structures used in income-producing activities. Administered by the National Park Service and IRS, the credit applies to commercial, industrial, agricultural, and rental residential properties (not owner-occupied primary residences). In Texas, it can be combined with the state 25% THPTC for a combined 45% credit on qualifying rehabilitation costs.

20% federal credit on $500,000 QREs = $100,000 federal tax credit; combined with Texas 25% = $225,000 total credits.

Key Details

• 20% federal tax credit on Qualified Rehabilitation Expenditures
• Must be a certified historic structure (National Register listed or contributing)
• Income-producing use required (rental, commercial, industrial)
• Not available for owner-occupied primary residences
• Combine with Texas 25% THPTC for up to 45% combined credit

How to Apply

Deadline: Contact program