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Federal Historic Preservation Tax Incentive
Related Programs15.904 Historic Preservation Fund Grants-In-Aid; 15.914 National Register of Historic Places; 15.915 Technical Preservation ServicesExamples of Funded Projects
Fiscal Year 2016: This program is administered in partnership with the IRS and the State Historic Preservation Offices.
(SHPOs).
The SHPOs serve as points of contact for property owners and provide forms and technical assistance.
The SHPOs also make certification recommendations to the NPS.
The IRS publishes regulations governing qualifying rehabilitation expenses, the periods for incurring expenses, the tax consequences of certification decisions by the NPS, and all other procedural and legal matters concerning the rehabilitation tax credits.
Fiscal Year 2017: No information available.
Fiscal Year 2018: No information available.
The Department of the Interior protects and provides access to the Nation's natural and cultural heritage, including responsibilities to Indian tribes and island communities. Departmental goals include resource protection and usage, overseeing recreational opportunities, serving communities and excellence in management.
Program Accomplishments
Fiscal Year 2016: 1,038 completed rehabilitation projects certified and 1,299 proposed projects approved. Fiscal Year 2017: No information available. Fiscal Year 2018: No information available.
Uses and Use Restrictions
The 20% rehabilitation tax credit applies only to income-producing buildings listed in the National Register of Historic Places or contributing to registered historic districts; and only for rehabilitations determined by the National Park Service (NPS) to meet the Secretary of the Interior's Standards for
Rehabilitation.
The income tax deduction for the donation of conservation easements applies to income-producing and non-income producing buildings.
The NPS does not award tax credits or deductions, but only certifies to the Internal Revenue Service whether buildings qualify as ?certified historic structures? and whether rehabilitations undertaken qualify as ?certified rehabilitations? (and therefore may be eligible to claim the 20% rehabilitation tax credit).
Other Internal Revenue Code requirements apply.
Eligibility Requirements
Applicant Eligibility
For the rehabilitation tax credit: private owners of commercial and other income-producing historic buildings held for investment purposes.
For the conservation easement deduction; private owners of historic buildings proposed as the subject of charitable easement donations.
Beneficiary Eligibility
For the rehabilitation tax credit: private owners of historic buildings held for investment purposes. For the income tax deduction for the donation of conservation easements: private owners of buildings.
Credentials/Documentation
No Credentials or documentation are required. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.
Aplication and Award Process
Preapplication Coordination
Pre-application coordination is encouraged.
Environmental impact information is not required for this program.
This program is excluded from coverage under E.O.
12372.
Application Procedures
This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. By Historic Preservation Certification Application (OMB No. 1024-0009) through the State Historic Preservation Office to the Technical Preservations Services of the NPS.
Award Procedures
NPS reviews rehabilitation projects seeking the investment tax credit. NPS certifies that the subject building is a ?certified historic structure,? and thus eligible for the tax credits or tax deduction [Part 1 review] and reviews the work to the building [Part 2 review]. If the rehabilitation project meets the Secretary of the Interior's Standards for Rehabilitation, NPS designates the project a ?certified rehabilitation? eligible for the tax credit to the Internal Revenue Service [Part 3 review]. However, the NPS does not award tax credits or deductions or make any other financial awards under this program.
Deadlines
Not Applicable.
Authorization
Federal Property and Administration Services Act, Executive Order Executive Order 11593, Public Law 81-152, 471 U.S.C., Internal Revenue Code Sections 47 and 170.
Range of Approval/Disapproval Time
Applications for rehabilitation tax incentives are reviewed by State Historic Preservation Offices normally within 30 days of receipt, and then forwarded to NPS. Decisions on tax incentives applications normally are made by NPS within 30 days of receipt of review fee, but the time can vary according to the thoroughness of the complete application or the nature of problems encountered and the range of alternatives.
Appeals
Investment tax credit applications that are initially denied may be appealed to NPS Chief Appeals Officer. A decision by the Chief Appeals Officer is the final administrative decision on behalf of the Department of the Interior. Where possible, denials also include instructions on how a rehabilitation project may be modified in order to meet the Standards and thus achieve approval.
Renewals
Not Applicable.
Assistance Considerations
Formula and Matching Requirements
Statutory formulas are not applicable to this program. Matching requirements are not applicable to this program. MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
NA. See the following for information on how assistance is awarded/released: NA.
Post Assistance Requirements
Reports
Completed rehabilitation work must be documented in photographs submitted with the Request for Certification Work (NPS Form 10-168c).
Cash reports are not applicable.
Progress reports are not applicable.
Expenditure reports are not applicable.
Performance monitoring is not applicable.
Audits
Not Applicable.
Records
NA.
Financial Information
Account Identification
14-1042-0-1-303.
Obigations
(Advisory Services and Counseling) FY 16 $0; FY 17 est $0; and FY 18 est $0 - This program does not make monetary awards, but is limited to certifying eligibility for historic preservation tax incentives to the Internal Revenue Service.
Range and Average of Financial Assistance
NA.
Regulations, Guidelines, and Literature
36 CFR Part 67 (for tax incentives program). Treasury Regulations Section 1.48-12. For complete program information, see website at https://www.nps.gov/tps/tax-incentives.htm.
Information Contacts
Regional or Local Office
None.
Headquarters Office
Brian Goeken National Park Services 1849 C Street, N.W., ORG 2255, Washington, District of Columbia 20240 Phone: (202) 513-7270
Criteria for Selecting Proposals
Not Applicable.
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