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Preservation Tax Credits

Preservation Income Tax Credits are designed to encourage the renovation and re-use of older buildings. There are 2 types of tax credits available: a 20% - 35% State Income Tax Credit (STC) and a 20% Federal Income Tax Credit. Unlike a deduction, which reduces your taxable income, a tax credit directly reduces the amount of tax you owe on your state and/or federal income taxes.

Eligible Buildings must be designated as historic at one of three levels:

  1. Local landmarks, which are designated by municipal or county governments. To qualify for credits, the local government must be a certified local government.
  2. The State Register, which is a list of historic properties designated by History Colorado.
  3. The National Register, which is a list of historic properties reviewed by History Colorado and designated by the National Park Service. Properties listed on the National Register are automatically listed on the State Register.

For more information, visit History Colorado