State Tax Incentives
The State of Arizona maintains a property tax reduction program for non-income-producing
properties listed on the National
Register and a property tax incentive program for income-producing
properties. The Arizona
State Historic Preservation Office in conjunction with the
county assessors administers this program.
Federal Historic Preservation Tax Incentive
The National
Parks Service administers financial incentive programs for historic buildings in partnership with the Internal Revenue Service. This includes a 20 percent rehabilitation tax credit on federal income taxes for certified historic building rehabilitation projects. For these projects, buildings must be listed or eligible for listing in the National Register of Historic Places. All work must meet the Secretary of the Interior's Standards for Rehabilitation and be approved by the State Historic Preservation Office. Owners also can receive a substantial chairable deduction from federal income taxes by donating a preservation easement on a designated historic building to a non-profit preservation organization. This easement would preserve the historic building in perpetuity, but not restrict the owner's ability to sell or rent the property.
Arizona Historic Preservation Heritage Fund Grant Program
This
program provides funding assistance to local, regional and
statewide historic preservation projects. Grants are available
for projects that directly involve resources either listed
on the Arizona or National Register of Historic Places or determined
eligible by the State Historic Preservation Officer (SHPO)
to be listed on the Arizona Register. These grants may be used
for stabilization, rehabilitation, restoration, reconstruction,
education and preservation program development, interpretive
development, and acquisition.
Entities that may receive funds are incorporated municipalities,
counties, state agencies, tribal governments and public educational
institutions. Private non-profit organizations must meet certain
conditions in order to apply for funding. The program requires
at least 40 percent match from the grantee of the total project
cost. The Arizona State Parks Board Grants Section
administers this program.
National
Trust for Historic Preservation
The National Trust,
through its financial assistance programs, demonstrates that
preserving our heritage improves the quality of life in American
communities. The National Trust's grant and loan programs have
assisted thousands of innovative preservation projects that
protect the continuity, diversity and beauty of our communities.
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