Federal Historic Tax Credit impact in Colorado
Federal Historic Tax Credit
Congress established the Federal Historic Preservation Tax Incentive Program in 1976. Current tax incentives were established by the Tax Reform Act of 1986.
- 20% tax credit for the certified rehabilitation of certified historic structures (available to properties listed in the National Register of Historic Places rehabbed for commercial, industrial, agricultural, or rental residential use following the Secretary of the Interior’s Standards for Rehabilitation).
- The Historic Tax Credit created over 109,000 jobs in 2016. (Rutgers University, Center for Urban Policy Research)
- Since 2002, nearly 55% of all Historic Tax Credit projects were in low-to-moderate-income neighborhoods. (National Park Service HTC Quarterly Reports)
- The program generated $29.8 billion in federal tax receipts compared to $25.2 billion in credits allocated. (Rutgers University, Center for Urban Policy Research)
- Between 1981 and 2015, 380 projects in Colorado took advantage of Federal Historic Tax Credits, with qualified rehabilitation expenditures of $640.3 million. Adjusted for inflation, these projects generated a total economic impact of $2.1 billion including direct and indirect. (Preservation for a Changing Colorado)
- Between 2002 and 2015, 72 projects with $278 million in development costs qualified for $46 million in credits. The projects provided 3,719 jobs, generated income of $280 million, and provided $57.8 million in federal, state and local taxes. (National Park Service HTC Quarterly Reports)
- Colorado currently has 23 active projects.
Additional Ongoing Tax Credit Projects
Odd Fellows Building, Littleton - $600,000 credit
Palomo-Springmeyer Building, Breckenridge - $164,000 credit
Sheedy Mansion, Denver - $1,793,560 credit
Shields House, Colorado Springs - $56,969 credit
Yampa Valley Electric Company, Steamboat Springs - $2,968,000
For more information on the Federal Historic Tax Credit in Colorado, contact the Office of Archaeology and Historic Preservation at 303-866-3392 or
Architectural Services Manager
Denver, CO 80203