2.3.5.1. Rehabilitation Credit
Since the Tax Reform Act of 1986, the federal government has offered a 20% tax credit for the rehabilitation of certified historic commercial buildings and a 10% credit for non-private residential buildings that were built before 1936. While the recent tax reform eliminated the 10% tax credit, it left the 20% credit substantially unchanged.
The 20% rehabilitation tax credit applies to the rehabilitation of a certified historic structure, if it is a commercial, industrial, agricultural, or rental residential building. It does not apply to private residences. A certified historic structure is a building that is either listed on the National Register of Historic Places or located within a registered historic dis