Historic Tax Credits: Significant, Positive Impact of Federal Historic Tax Credit in Kentucky
The Federal Historic Preservation Rehabilitation Tax Credit (Federal HTC) is a critical economic development tool with a proven track record that generates economic growth, jobs and revitalization. It is the single most important incentive to encourage the redevelopment and reuse of our nation’s historic and culturally significant properties.
For more than 40 years, the United States tax code has included this provision for the rehabilitation of properties listed in the National Register of Historic Places, resulting in tens of thousands of historic properties being saved, repurposed and brought back to life in cities, towns and rural areas across our country.
This flier details the key facts and impact of the Federal Historic Tax Credit in Kentucky
Photo: Historic First Christian Church now Immanuel Baptist Church, 850 South Fourth Street, Louisville, Jefferson County – recipient of Preservation Kentucky’s 2018 Excellence in Historic Preservation Award for Federal and Kentucky Historic Tax Credits.