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FEDERAL
Federal Historic Preservation Tax Incentives for Las Cruces Projects
Federal income tax credit for certified rehabilitation of historic income-producing buildings.
About this program
The Federal Historic Preservation Tax Incentives program provides a 20 percent income tax credit for certified rehabilitation of historic income-producing properties. Las Cruces developers and property owners can use the credit for eligible commercial, rental housing, office, hotel, and mixed-use rehabilitation projects.
Eligibility
Owners or long-term lessees of income-producing certified historic buildings undertaking qualifying rehabilitation work.
Requirements
- Building must be a certified historic structure or contributing property in a historic district
- Submit Part 1, Part 2, and Part 3 applications through the state historic preservation office and National Park Service
- Follow Secretary of the Interior rehabilitation standards and tax credit compliance requirements