Rehabilitation Tax Credit

Jefferson Hotel Caddo Perish- Louisiana


This tax credit encourages real estate developers to renovate and restore construction on older buildings

  1. Buildings in service before 1936 are eligible for 10% of the credit
  2. Certified historic structures are eligible for 20% of the credit
  3. The credit applies to the buildings rehabilitation and costs
  4. This credit cannot be applied to the cost of purchasing the building or to the repair of sidewalks, parking lots, or landscaping
  5. This credit increases if the building is located in a specific disaster area
  6. There are time restraints on this credit… It must taken within a certain timeframe
  7. Enlargement and reconstruction projects do not qualify for this credit
  8. Only the title holder can claim the credit

Interesting links below:—Real-Estate-Tax-Tips


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