Historic Tax Credits
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Historic tax credits provide income-producing certified historic buildings with tax credits to offset the cost of rehabilitation. Verity Works has extensive experience guiding clients through the application process for federal and state historic tax credits.
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The federal historic tax credit is equal to 20% of all qualified rehabilitation expenditures in the form of a federal income tax credit. Contact us to see if your project might qualify.
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Approximately 35 states have a state historic tax credit that can be used in addition to the federal historic tax credit. Each state has a different credit amount and requirements.
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There is no federal residential historic tax credit, but many states have a residential historic tax credit that is similar to their state historic tax credit. Please reach out for more information.
Ongoing and Past Projects
Buford Court Apartments
South Downtown Portfolio
Carpenter Steel Warehouse
Abrams Fixtures Building