Adaptive Reuse Topic: Rehabilitation Tax Credit
Article: Historic Preservation Tax Credit Program for City of Dallas
http://www.dallascityhall.com/development_services/pdf/TaxIncentiveInformationPacket.pdf
This document that was published by the City of Dallas shows the rules and process associated with receiving tax credits as an incentive for restoring historic properties. The incentive only applies to certain areas within Dallas and the credit applies to city property tax only.
Website: Federal Tax Credits - Texas Historical Commission
http://www.thc.state.tx.us/historicprop/hpcredits.shtml
This link to the Texas Historical Commission website shows some basic information related to federal tax credits for rehabilitation of properties that can be shown on the National Register of Historic Places. This credit is only available for income-producing properties, so single family properties are not eligible. This credit is for large projects only as the cost of the rehabiliation must exceed the value of the property prior to the rehab.
Article: The Valley Fruit Company: A Tax Credit Rehabilitation Project
http://www.thc.state.tx.us/historicprop/hpcredits_vfruit.shtml
This case study that is shown on the Texas Historical Commission website shows an example of how the rehabiliation tax credit can be used. This owner was successful in achieving a 20% tax credit due to the nature of the project that they completed.
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