As a follow-up to the spring 2013 issue, which took an in-depth look at the federal historic tax credit, the winter issue of Forum Journal looks at some of the other credits available—perhaps not specifically created for historic buildings, but credits that nonetheless can benefit historic rehabilitation projects, especially when combined with federal and state historic credits.
So as we tossed around ideas for the title of this issue, someone suggested that we call it “Extreme Tax Credits,” playing off of the many “extreme” programs now offered on television. “Not so fast,” cautioned Forum contributor Harry Schwartz. “We don't want to scare people off and make them think state historic tax credits and the other credits highlighted in this issue are far-out or rare. Thirty-four states already have a state rehab credit." Thanks, Harry, for your wise counsel, you are absolutely correct.
In fact, after you read this issue, you will realize that the various tax credits highlighted in this journal are indeed doable, understandable, workable, and have been instrumental in bringing hundreds of buildings—mills, factories, schools, theaters, armories, banks, train stations, hotels--back to productive use. In other words they are “Extra Credit Rehabs.”
This issue is available for Preservation Leadership Forum members only. If you are a Forum member, you should have received an e-mail from us about accessing the journal. If you download this issue of the Forum Journal to your Kindle, Nook, Android or Apple device, the enhanced features are best viewed using the Adobe reader app.