Historic Tax Credits: State HTC for Historic Preservation

Not all state tax credit programs are created equal.  Some state programs have been extraordinarily productive in stimulating rehabilitation activity.  Many others have produced mixed or minimal results. What causes these programs to fall short?  In general, two factors greatly influence the effectiveness of the state historic tax credits: a limit or cap on the amount of credit and a lack of transferability.


This policy report written by Renee Kuhlman and Harry Schwartz with the National Trust for Historic Preservation discusses state historic tax credits, reviews the basic elements all share and analyzes the differences by state.


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Photo: Paducah Coca-Cola Bottling Plant, recipient of Preservation Kentucky’s 2017 Excellence in Preservation Award for use of the Federal and Kentucky State Historic Tax Credits. Historic building adaptively reused for Mellow Mushroom Pizzeria, 3121 Broadway Street, Paducah.