Tax Credits
	
and the National Register of Historic Places
Rehabilitation Investment Tax Credit (RITC)

Introduction
Investment Tax Credit
Programs

•	 Can potentially receive 20% o...
•	 The State incentive allows a taxpayer to claim a
State Income Tax credit for 20% of the total qualified
rehabilitation ...
Description of Physical Appearance

Introduction
Investment Tax Credit
Programs

•	 Describe building’s present condition....
•	 Describe each feature and the work that will be done
on it.

Introduction
Investment Tax Credit
Programs

•	 Provide ph...
•	 Request approval of an entire completed rehabilitation
work.

Introduction
Investment Tax Credit
Programs

•	 The compl...
Introduction

“Each state has a preservation office to administer
the National Register and associated programs; the
India...
Introduction
Investment Tax Credit
Programs
Residential Historic
Rehabilitation Credit
Tax Credit Process
Historic Preserv...
Introduction

“...the doorway is framed by a stepped cast stone forming a
segmented arch opening, reminiscent of Art Deco ...
Introduction
Investment Tax Credit
Programs
Residential Historic
Rehabilitation Credit
Tax Credit Process
Historic Preserv...
Introduction
Investment Tax Credit
Programs
Residential Historic
Rehabilitation Credit
Tax Credit Process
Historic Preserv...
Closet

Dining Room

Introduction

Living Room

Open to Below

Investment Tax Credit
Programs
Residential Historic
Rehabil...
54

37

19

4

19

4

19
19

2

9
22

13

27
2

9
22
6

Introduction
6

DN

Investment Tax Credit
Programs
Residential His...
Introduction
Investment Tax Credit
Programs
Residential Historic
Rehabilitation Credit
Tax Credit Process
Historic Preserv...
•	 Certification of completed work

Introduction

•	 Request for approval of entire project.

Investment Tax Credit
Progra...
Introduction
Investment Tax Credit
Programs
Residential Historic
Rehabilitation Credit
Tax Credit Process
Historic Preserv...
Introduction
Investment Tax Credit
Programs
Residential Historic
Rehabilitation Credit
Tax Credit Process
Historic Preserv...
Introduction
Investment Tax Credit
Programs
Residential Historic
Rehabilitation Credit
Tax Credit Process
Historic Preserv...
Introduction
Investment Tax Credit
Programs
Residential Historic
Rehabilitation Credit
Tax Credit Process
Historic Preserv...
•	 Classification

Introduction

•	 Ownership: Public/Private

Investment Tax Credit
Programs

•	 Category: Building/Distr...
•	 Statement of Significance

Introduction

•	
•	
•	
•	

Investment Tax Credit
Programs
Residential Historic
Rehabilitatio...
Introduction
Investment Tax Credit
Programs
Residential Historic
Rehabilitation Credit
Tax Credit Process
Historic Preserv...
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2012 Fun and Free Lecture Series
Tax Credits and the National Register of Historic Places

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Final arch presentation

  1. 1. Tax Credits and the National Register of Historic Places
  2. 2. Rehabilitation Investment Tax Credit (RITC) Introduction Investment Tax Credit Programs • Can potentially receive 20% of rehabilitation costs from both state and federal programs. Residential Historic Rehabilitation Credit • Properties must be income producing. • The building must be eligible for listing in the National Register of Historic Places. Tax Credit Process Historic Preservation Certification Application • It must be listed within 30 months of claiming credit Coca Cola Bottling Works Case Study • All work must meet the Secretary of the Interior’s Standards for the Treatment of Historic Properties. Conclusion • Rehabilitation must be $10,000 or greater. • Three part application process should begin before construction. Certified Historic Buildings http://www.in.gov/dnr/historic/3680.htm
  3. 3. • The State incentive allows a taxpayer to claim a State Income Tax credit for 20% of the total qualified rehabilitation or preservation cost of a project. Introduction Investment Tax Credit Programs • The total amount of Residential Historic Rehabilitation Credit allowed for each state fiscal year is $250,000. Residential Historic Rehabilitation Credit • The following conditions must be met to qualify for the Residential Historic Rehabilitation Credit: Tax Credit Process Historic Preservation Certification Application • The property must be listed on the Indiana Register of Historic Sites and Structures. Coca Cola Bottling Works Case Study • The property must be owned and occupied by the taxpayer. Conclusion • The rehabilitation work must conform to a Rehabilitation Plan or a Preservation Plan submitted to the Division of Historic Preservation and Archaeology. • Project cost must exceed $10,000. • The rehabilitation or preservation work must be completed in 2)years for a single phase project, or 5 years for a multi-phase project. Residential Income Tax Credit http://www.in.gov/dnr/historic/3679.htm
  4. 4. Description of Physical Appearance Introduction Investment Tax Credit Programs • Describe building’s present condition. • Describe other building on the property. Residential Historic Rehabilitation Credit • Describe how building relates to neighborhood. • Construction Date/Alteration Dates Tax Credit Process Historic Preservation Certification Application Statement of Significance Part 1 Evaluation of Significance • Describe the building’s contribution to the district. Part 2 Description of Rehabilitation • Note important figures associated with the building. • Describe former uses. Part 3 Request for Certification of Completed Work • Name architect or builder, if known. National Register Nomination Coca Cola Bottling Works Case Study Conclusion Condition and Significance http://www.nps.gov/tps/tax-incentives/application.htm
  5. 5. • Describe each feature and the work that will be done on it. Introduction Investment Tax Credit Programs • Provide photographs and drawings to accompany description. Residential Historic Rehabilitation Credit • Proposed work will be evaluated using the Secretary of the Interior’s Standards for Rehabilitation. Tax Credit Process • Special Rehabilitation Concerns: Historic Preservation Certification Application • Storefront Alterations Part 1 Evaluation of Significance • New HVAC Systems • New Windows Part 2 Description of Rehabilitation • Interior Partitions, trim, and finishes • Exterior masonry cleaning Part 3 Request for Certification of Completed Work • Exterior masonry repair • New Additions and new construction National Register Nomination Coca Cola Bottling Works Case Study Conclusion Detailed Description of Rehabilitation Work http://www.nps.gov/tps/tax-incentives/application.htm
  6. 6. • Request approval of an entire completed rehabilitation work. Introduction Investment Tax Credit Programs • The completed project may be inspected by an authorized representative of the Secretary of the Interior to determine if the work meets the Standards for Rehabilitation. Residential Historic Rehabilitation Credit Tax Credit Process Historic Preservation Certification Application Part 1 Evaluation of Significance Part 2 Description of Rehabilitation Part 3 Request for Certification of Completed Work National Register Nomination Coca Cola Bottling Works Case Study Conclusion Request for Approval http://www.nps.gov/tps/tax-incentives/application.htm
  7. 7. Introduction “Each state has a preservation office to administer the National Register and associated programs; the Indiana Division of Historic Preservation and Archaeology (DHPA) serves all Hoosiers interested in these programs. Investment Tax Credit Programs Residential Historic Rehabilitation Credit The National Park Service administers the National Register for the nation, the Survey and Registration Section of the DHPA manages the Register for Indiana. Tax Credit Process Historic Preservation Certification Application Indiana landmarks are guideposts to our past. Our historic buildings, sites, and neighborhoods provide us with a tangible connection to the past which cannot be experienced in an old photograph or individual artifact. These landmarks, perhaps Part 1 Evaluation of Significance Part 2 Description of Rehabilitation more than any other physical element, make our communities and rural areas distinct and special places. They provide us with an invaluable sense of place.” Part 3 Request for Certification of Completed Work National Register Nomination Coca Cola Bottling Works Case Study Conclusion National Register Application http://www.in.gov/dnr/historic/3669.htm
  8. 8. Introduction Investment Tax Credit Programs Residential Historic Rehabilitation Credit Tax Credit Process Historic Preservation Certification Application Coca Cola Bottling Works Case Study Part 1 Evaluation of Significance Part 2 Description of Rehabilitation Part 3 Request for Certification of Completed Work National Register Nomination Conclusion Coca Cola Bottling Works, Built in 1941 at Pontiac and Lillie Streets, Fort Wayne, IN Historic Photo
  9. 9. Introduction “...the doorway is framed by a stepped cast stone forming a segmented arch opening, reminiscent of Art Deco detailing. The original door and sidelights have been removed and this opening has been filled with masonry and a simple steel door. Located above Investment Tax Credit Programs the doorway is a cast stone panel with the bas relief “Coca-Cola Bottling Works”. Six limestone steps lead up to Residential Historic Rehabilitation Credit the stoop for the opening. Vertical cast stone ornament located in the upper portion of the wall further articulate the location of the opening. Each end of the elevation is bracketed by bays that are formed by stepped pilasters constructed of brick and cast stone quoins. These pilasters extend above the parapet and are capped by sloped cast stone tops. Angular stylized floral motifs, set Tax Credit Process Historic Preservation Certification Application Coca Cola Bottling Works Case Study in low relief, are located in the cap stone. The smooth faced stone, stylized floral motifs, strong vertical elements and strong geometric features emphasize the Art Deco influence on this elevation.” Part 1 Evaluation of Significance Part 2 Description of Rehabilitation Part 3 Request for Certification of Completed Work National Register Nomination Conclusion Description of Physical Appearance Exterior Description
  10. 10. Introduction Investment Tax Credit Programs Residential Historic Rehabilitation Credit Tax Credit Process Historic Preservation Certification Application Coca Cola Bottling Works Case Study Part 1 Evaluation of Significance Part 2 Description of Rehabilitation Part 3 Request for Certification of Completed Work National Register Nomination Conclusion “The first floor facility is compartmentalized into several distinct areas. Located on the east side of the first floor are the administrative portions of the facility. These areas originally served as office space and continue to do so today. These areas have red and green terrazzo floors, wood panel wainscot, painted plaster walls and coved plaster ceilings. A corridor runs in a north-south direction through the office space. Small private offices are located to the east of the corridor; supervisor and control offices for the bottling operation are located on the west of the corridor. The corridor terminates at the large walk-in safe at the north end of the corridor. At the south end of this corridor is the former owner’s office. Located within the corner office is a fireplace. The office area was originally accessed via the lobby entrance located on the Pontiac Street side of the facility. The lobby has red and green terrazzo floors with “Coca Cola” as a brass inlay. The lobby also has a fireplace. The lobby provides access to the only interior stairwell and opens into the former bottling area.” Description of Physical Appearance Interior Description
  11. 11. Introduction Investment Tax Credit Programs Residential Historic Rehabilitation Credit Tax Credit Process Historic Preservation Certification Application Coca Cola Bottling Works Case Study Part 1 Evaluation of Significance Part 2 Description of Rehabilitation Part 3 Request for Certification of Completed Work “The Coca-Cola Bottling Plant in Fort Wayne, Indiana is significant under criterion C. It is a rare example of the Art Deco style in Fort Wayne. The building itself is architecturally significant as an example of a plant influenced by the 1924 Standardized Plants brochure produced by the Coca-Cola Bottlers Association. The brochure detailed ways in which architecture could be used as a mass marketing device...” National Register Nomination Conclusion Statement of Significance East Elevation
  12. 12. Closet Dining Room Introduction Living Room Open to Below Investment Tax Credit Programs Residential Historic Rehabilitation Credit Furn. Loft Bedroom Historic Preservation Certification Application Closet Laundry Closet Tax Credit Process DW Coca Cola Bottling Works Pantry Kitchen Case Study Apartm Closet Linen Bathroom Part 1 REF Evaluation of Significance Apartment 06, First Floor Plan Part 2 Description of Rehabilitation Apartment 06, Second Floor Plan Part 3 Request for Certification of Completed Work National Register Nomination Conclusion Detailed Description of Rehabilitation Work Historic Photo, of Park-like Parking Lot Between Sheds
  13. 13. 54 37 19 4 19 4 19 19 2 9 22 13 27 2 9 22 6 Introduction 6 DN Investment Tax Credit Programs Residential Historic Rehabilitation Credit 4 34 13 19 57 4 26 46 Historic Preservation Certification Application 46 4 9 Coca Cola Bottling Works 11 Case Study 20 2 9 6 13 1 Tax Credit Process 26 11 2 9 22 18 18 2 6 22 13 11 4 11 Part 1 Evaluation of Significance Part 2 Description of Rehabilitation Part 3 Request for Certification of Completed Work National Register Nomination Conclusion Detailed Description of Rehabilitation Work Second Floor Corner Offices 11 11
  14. 14. Introduction Investment Tax Credit Programs Residential Historic Rehabilitation Credit Tax Credit Process Historic Preservation Certification Application Coca Cola Bottling Works Case Study Part 1 Evaluation of Significance Part 2 Description of Rehabilitation Part 3 Request for Certification of Completed Work National Register Nomination Conclusion Detailed Description of Rehabilitation Work Second Floor Corner Offices
  15. 15. • Certification of completed work Introduction • Request for approval of entire project. Investment Tax Credit Programs • Application: • Property name Residential Historic Rehabilitation Credit • Cost attributed to construction/rehab • Accompanying photographs and photo key plans Tax Credit Process Historic Preservation Certification Application • “Before and After” Photos Coca Cola Bottling Works Case Study Part 1 Evaluation of Significance Part 2 Description of Rehabilitation Part 3 Request for Certification of Completed Work National Register Nomination Conclusion Request for Approval http://www.nps.gov/tps/tax-incentives/application.htm
  16. 16. Introduction Investment Tax Credit Programs Residential Historic Rehabilitation Credit Tax Credit Process Historic Preservation Certification Application Coca Cola Bottling Works Case Study Part 1 Evaluation of Significance Part 2 Description of Rehabilitation Part 3 Request for Certification of Completed Work National Register Nomination Conclusion Before and After Photos http://www.nps.gov/tps/tax-incentives/application.htm
  17. 17. Introduction Investment Tax Credit Programs Residential Historic Rehabilitation Credit Tax Credit Process Historic Preservation Certification Application Coca Cola Bottling Works Case Study Part 1 Evaluation of Significance Part 2 Description of Rehabilitation Part 3 Request for Certification of Completed Work National Register Nomination Conclusion Before and After Photos http://www.nps.gov/tps/tax-incentives/application.htm
  18. 18. Introduction Investment Tax Credit Programs Residential Historic Rehabilitation Credit Tax Credit Process Historic Preservation Certification Application Coca Cola Bottling Works Case Study Part 1 Evaluation of Significance Part 2 Description of Rehabilitation Part 3 Request for Certification of Completed Work National Register Nomination Conclusion Before and After Photos http://www.nps.gov/tps/tax-incentives/application.htm
  19. 19. Introduction Investment Tax Credit Programs Residential Historic Rehabilitation Credit Tax Credit Process Historic Preservation Certification Application Coca Cola Bottling Works Case Study Part 1 Evaluation of Significance Part 2 Description of Rehabilitation Part 3 Request for Certification of Completed Work National Register Nomination Conclusion Before and After Photos http://www.nps.gov/tps/tax-incentives/application.htm
  20. 20. • Classification Introduction • Ownership: Public/Private Investment Tax Credit Programs • Category: Building/District/Site Residential Historic Rehabilitation Credit • Function or Use Tax Credit Process • Historic Function v. Current Function Historic Preservation Certification Application • Domestic, Commerce, Social, Religion, Government, Education, etc. Coca Cola Bottling Works Case Study • Description Part 1 Evaluation of Significance • Architectural Classification: Colonial, Late Victorian, Modern, etc. Part 2 Description of Rehabilitation • Materials: Wood, Stucco, Brick, etc. • Narrative Description Part 3 Request for Certification of Completed Work National Register Nomination Conclusion National Register Application http://www.in.gov/dnr/historic/3669.htm
  21. 21. • Statement of Significance Introduction • • • • Investment Tax Credit Programs Residential Historic Rehabilitation Credit Tax Credit Process Associated with historic events Associated with a historical figure Exemplifies a method of construction or an artistic style Could yield historical information • Major Bibliographic references • Must list primary and secondary sources used in research Historic Preservation Certification Application Coca Cola Bottling Works Case Study • Geographical Data Part 1 Evaluation of Significance • Acreage of property • Enter one or more UTM (Universal Transverse Mercator) grid references • verbal boundary description Part 2 Description of Rehabilitation Part 3 Request for Certification of Completed Work National Register Nomination Conclusion National Register Application http://www.in.gov/dnr/historic/3669.htm
  22. 22. Introduction Investment Tax Credit Programs Residential Historic Rehabilitation Credit Tax Credit Process Historic Preservation Certification Application Coca Cola Bottling Works Case Study Conclusion Thank You for Your Time!

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