Federal and state tax laws provide tax incentives for historic preservation projects which follow the Secretary of the Interior's Standards for Rehabilitation.  The federal government offers a 20% investment tax credit for the approved rehabilitation of certified historic buildings used for income-producing purposes as well as a 10% credit for certain other older buildings.  The state offers a similar 20% state income tax credit based on $5,000 or more of approved preservation work on designated properties.  Applicants are urged to contact Office of Archaeology and Historic Preservation (OAHP) staff as early as possible when considering an application for either federal or state tax credits.  OAHP provides advice to property owners, developers, and architects concerning appropriate preservation and rehabilitation measures.  OAHP staff review applications for tax incentives and make recommendations for approval.

Contact:  Joseph Saldibar 303.866.3741

	That, in 1990, Colorado was one of the first states to offer a State Income Tax Credit for Historic Preservation?
	That about 90% of all state tax credit applications are reviewed locally by Certified Local Governments?
	That more than 900 rehabilitation projects have taken advantage of the State Tax Credit since 1991?
	That 90% of those rehabilitation projects involved private homes?
	That the rehabilitation of buildings using the Federal Tax Credit has created over 2,000 housing units in Colorado, including more than 1,000 low-income units?
	That nationwide, more than $4.34 billion was invested in tax credit-related projects in 2007?
	That since 1981, historic rehabilitation and preservation projects have created more than 30,000 jobs in Colorado?
	That in 2008 the Colorado Legislature extended the State tax credit through 2019?