The document discusses the historic tax credit program, which encourages rehabilitation of historic buildings through tax credits. It provides a 20% tax credit for qualified rehabilitation expenses for certified historic structures, and a 10% credit for non-historic structures built before 1936. Owners of income-producing certified historic buildings or pre-1936 non-historic buildings are eligible. The case study of Lindsay Street Hall demonstrates how a historic church was restored through the program, receiving tax credits that covered a portion of the project costs, and is now used to host community events.

1. Historic Tax Credit
Program

2. Tax Credits & Historic Preservation
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How can historic tax credits benefit your community?
How does the tax credit program work?
Who is eligible?
Demonstration through case study

3. Tax Credit Benefits
Encourages the rehabilitation of historic
buildings in your town.
 Historic tax credits may significantly help
with the revitalization of your Main Street
Commercial District.
 Gives your community a sense of place.
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4. How the program works
A tax credit lowers the amount of tax owed
 The federal tax credit incentives program
offers a 20% rehabilitation tax credit equal
to 20% of the amount spent in a certified
rehab of a certified historic structure
AND
A 10% rehab tax credit equal to 10% of the
amount spent to rehabilitate a non-historic
building built before 1936
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5. Who is eligible?
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Owners of certified or non-historic buildings
that are income producing
A certified structure is a building that is listed in
the National Register of Historic Places
(individually or contributing property in historic
district).
A non-historic building is a structure that is not
National Register eligible and built before 1936.

6. Lindsay Street Hall
(First Congregational Church)

7. Lindsay Street Hall

8. Post Restoration Work (Exterior)

9. Post Restoration (Interior)

10. Post Restoration (interior)

11. Project Cost/Tax Credits
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Project cost for restoration:
Tax Credits Received:
Lindsay Street Hall hosts special events:
rehearsal dinners, weddings, business events,
fundraising events, music events