Historic Rehabilitation Tax Credit

A direct, dollar-for-dollar reduction in one's tax liability by a portion of the amount one spends renovating, restoring or rebuilding a historic building. The credit is intended to incentivize historic preservation and therefore does not apply to expansions or new constructions on historic buildings. The tax credit is equal to 20% of expenditures on certified historic buildings and 10% of expenditures on any structure built before 1936.

单词	historic rehabilitation tax credit
释义	Historic Rehabilitation Tax Credit Historic Rehabilitation Tax Credit A direct, dollar-for-dollar reduction in one's tax liability by a portion of the amount one spends renovating, restoring or rebuilding a historic building. The credit is intended to incentivize historic preservation and therefore does not apply to expansions or new constructions on historic buildings. The tax credit is equal to 20% of expenditures on certified historic buildings and 10% of expenditures on any structure built before 1936. AcronymsSeeHRTC
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