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Tax Credits

Michigan Historic Preservation Tax Credits

Homeowners, commercial property owners, and businesses that rehabilitate historic commercial and residential property may qualify for tax credit up to 25% of the cost of the qualified rehabilitation. To qualify, expenditures must be for work that is planned and undertaken in conformance with the Secretary of Interior’s Standards for Rehabilitation, and certified by the State Historic Preservation Office.

Contact the State Historic Preservation Office at (517) 373-1630.
Learn more at www.sos.state.mi.us/history/preserve/preserve.html

Federal Historic Preservation Tax Credits

The federal government encourages rehabilitation of older buildings and investment in historic buildings or older structures via tax credits which lower Federal income tax owed. You may receive a rehabilitation investment tax credit equal to 20% of the amount spent in a certified rehabilitation of a certified historic structure, or a rehabilitation investment tax credit equal to 10% of the amount spent to rehabilitate a non-historic building built before 1936.

Contact the National Parks Service for additional information at (517) 373-0511.
Learn more at tps.cr.nps.gov/status/

Image: Historic Home (victorian house front door)
 

ECONOMIC DEVELOPMENT OFFICE
300 MONROE NW,   ROOM 920   GRAND RAPIDS, MI 49503

PHONE: (616) 456-3431  FAX: (616) 456-4568