The National Park Service has issued two reports highlighting the Federal Historic Preservation Tax Incentives Program.

Federal Tax Incentives for Rehabilitating Historic Buildings Annual Report for Fiscal Year 2024 focuses on the program’s accomplishments in the last fiscal year. Estimated rehabilitation costs totaled $10.70 billion for preliminary certifications and $6.15 billion for final certifications. 

The second report, Annual Report on the Economic Impact of the Federal Historic Tax Credits for Fiscal Year 2023, was prepared in collaboration with the Rutgers University Center for Urban Policy Research. The Center analyzed the economic impacts of the historic tax credits on the national economy, and, as the report identifies, the level and breadth of the economic impacts resulting from the credits are quite significant. 

The reports also include case studies of successful projects in Illinois, Michigan, and New Jersey. 

The Federal Historic Preservation Tax Incentives Program is administered by Technical Preservation Services, National Park Service and the Internal Revenue Service in partnership with the State Historic Preservation Offices. The program promotes historic preservation and community revitalization through historic rehabilitation.