Historic Preservation Tax Credit Workshop in Durham
DURHAM, NC Feb. 15, 2013 — Historic structures are often beautiful to behold, but usually rehabilitation and restoration were needed to achieve that effect. The State Historic Preservation Office (HPO) will lead a tax credit workshop on March 5, at 7 p.m., at the Measurement Incorporated headquarters at 423 Morris Street in Durham.
The free workshop will examine federal and state tax credits that are available to owners of properties listed in the National Register of Historic Places individually or as a contributing resource in a National Register historic district.
Federal and state credits can combine for a 40 percent credit for income-producing properties. The state provides a 30 percent credit for non income-producing properties. Since 1976 more than 2,000 completed “certified rehabilitation” projects have been reviewed by HPO, representing more than $1 billion in investment in historic properties.
All of this activity has facilitated job creation, downtown and neighborhood revitalization, improved community appearance and community pride. Many cities see historic preservation as smart growth and smart investment.
Contact Preservation Durham for more information on this workshop at info@PreservationDurham.org or at (919) 682-3036. Contact the State Historic Preservation Office at (919) 807-6570 for more information on preservation services offered.
The State Historic Preservation Office is within the Office of Archives and History in the N.C. Department of Cultural Resources. For more on North Carolina’s arts, history and culture, visit Cultural Resources online.