View the recording: Historic Tax Credits Seminar
Tax Credits for Rehabilitation of Historic Buildings Seminar Historic Hawai‘i Foundation, in partnership with the Hawai‘i State Historic Preservation Division and Department of the Interior’s National Park Service, provided a seminar on the Federal Historic Preservation Tax Incentives program on December 5, 2023. VIEW THE RECORDING AND PRESENTATION BELOW. Additional Resources Click on the image at left to view the Seminar PowerPoint. The seminar provides training to historic property owners, developers, financiers, tax and accounting, real estate, architects, land use and planning professionals on the Historic Tax Credit programs available in the State of Hawai‘i and the use of federal historic tax credits to rehabilitate historic buildings. Historic Tax Credits Seminar Date: Tuesday, December 5, 2023 Time: 9:00 a.m. – 12:00 p.m. This seminar has been approved for 3 AIA/CES LU (AIA Honolulu is the registered provider) and submitted for certificate maintenance credits through the American Institute of Certified Planners (AICP). BACKGROUND The Federal Historic Preservation Tax Incentives (aka Historic Tax Credit) program encourages private sector investment in the rehabilitation and re-use of historic buildings. It creates jobs and is one of the nation’s most successful and cost-effective community revitalization programs. A 20% income tax credit is available for the rehabilitation of historic buildings that are determined to be “certified historic structures.” The buildings must be considered depreciable under the Internal Revenue Code, such as in a business, commercial, or other income-producing use. The State Historic Preservation Division (SHPD) and the National Park Service (NPS) review the rehabilitation work to ensure that it complies with the Secretary of the Interior’s [...]