Protect Historic Structures by Investing in Historic Preservation
The Federal Historic Preservation Tax Incentives 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. Under Internal Revenue Code Section 47, a 20% income tax credit is available for the rehabilitation of historic, income-producing buildings that are determined by the Secretary of the Interior, through the National Park Service, to be “certified historic structures.”
Defined in Internal Revenue Code Section 170(h), the Historic Preservation Easement is a tax asset the Federal Government made available for protecting our historic structures. It allows a property owner to retain private ownership of the landmark property while insuring that the historic character of the property will be preserved. Utilizing the Historic Preservation Easement secures our national legacy amid a time of increasing demolition and redevelopment, especially in downtown and low-income areas.
By investing in historic preservation, you will:
To learn more about how the partners at global X can help you execute your historic preservation investment strategy, contact us today.