Tax Credits

Tax Credits

Brian Beadles
Historic Preservation Specialist
(307) 777-8594

 


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The Federal Historic Preservation Tax Incentives Program is designed to encourage private investment in the rehabilitation of historic buildings. The program allows 20% of qualified expenses on a certified rehabilitation project to be claimed as a credit on Federal income taxes. This program is jointly administered by the National Park Service (NPS) and the Internal Revenue Service in partnership with the State Historic Preservation Offices. The Wyoming State Historic Preservation Office (SHPO) serves as the liaison between the property owner and the NPS. The goal of this combined endeavor is to encourage preservation of community treasures and increase awareness of the benefits of rehabilitation efforts.

Although not required, it is highly recommended that you contact the Wyoming SHPO prior to beginning any rehabilitation work. We will provide you with technical assistance and information for using available tax credits. Failure to do so could result in the denial of tax credits for your project. The Wyoming SHPO also suggests that you consult with your financial advisor before completing the tax return.

 


 


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There is a three-part application process. All application forms and materials are submitted to SHPO who will submit the application to the NPS. While not required, it is highly recommended to complete the part 1 and 2 applications prior to beginning rehabilitation work.


Additional information on the tax incentive program can be found at: https://www.nps.gov/tps/tax-incentives.htm

 


Brian Beadles
Historic Preservation Specialist
(307) 777-8594