Texas' program is just starting, but North Carolina has seen significant economic benefits from their state tax credit program.
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In 2013 the Texas State Legislature passed tax reform measures that incentivize the rehabilitation of certified historic structures. The new state historic preservation tax credit is worth 25% of the qualified rehab expenses of a project. If you own, or are thinking of investing in a historic property you need to know about the financial incentives available. There has never been a better time to rehabilitate a historic property.
State Historic Tax Credit Basics:
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