Get the free Historic Preservation Certification Application - sec state ma

Application form for the Historic Rehabilitation Tax Credit Program administered by the Massachusetts Historical Commission, designed to certify properties for tax credits related to historic preservation.

How to fill out historic preservation certification application

How to fill out Historic Preservation Certification Application

1. Obtain the Historic Preservation Certification Application form from the National Park Service website.
2. Review the guidance materials provided with the application to understand the eligibility criteria.
3. Gather all required documentation, including photographs, maps, and legal descriptions of the property.
4. Complete Section 1 of the application, which includes basic information about the property, such as its location and ownership.
5. Fill out Section 2, providing details about the historic significance of the property and its architectural features.
6. Complete Section 3 by outlining the proposed rehabilitation work and its adherence to the Secretary of the Interior's Standards for Rehabilitation.
7. Review the application for completeness and accuracy before submitting.
8. Submit the application to the appropriate State Historic Preservation Office for review.

Who needs Historic Preservation Certification Application?

1. Property owners of historic buildings seeking federal tax credits for rehabilitation.
2. Developers planning to restore or rehabilitate a historic property.
3. Non-profit organizations involved in historic preservation efforts.
4. Individuals applying for state-level historic preservation grants or assistance.

People Also Ask about

How is the historic tax credit calculated?

The amount of the rehabilitation credit is determined in the taxable year the building is placed in service. The amount of the credit is equal to 20 percent of the “qualified rehabilitation expenditures” with respect to a “qualified rehabilitated building.”

Which of the following would make a building ineligible for the 20% historic preservation tax credit?

Owner-occupied residential properties do not qualify for the federal rehabilitation tax credit. The 20% credit is available only to properties rehabilitated for income-producing purposes, including commercial, industrial, agricultural, rental residential or apartment use.

Which of the following would make a building ineligible for the 20% historic preservation tax credit?

Owner-occupied residential properties do not qualify for the federal rehabilitation tax credit. The 20% credit is available only to properties rehabilitated for income-producing purposes, including commercial, industrial, agricultural, rental residential or apartment use.

What is the adjusted basis for the historic tax credit?

For the purposes of the substantial rehabilitation test, the adjusted basis of a building typically equals the cost of the property, less property cost attributable to land (consult with your accountant to determine this number), plus previously made capital improvements, less depreciation.

What property is eligible for investment tax credit?

Eligible Recipients: Solar, geothermal, small wind, fuel cell, microturbine, energy storage, waste energy recovery, biogas, microgrid controllers, electrochromic glass and combined heat and power properties.

What is the National Register Criteria Consideration B?

Criterion "B" of the National Register Criteria for Evaluation states that prop erties may be eligible for listing in the National Register of Historic Places if they "are associated with the lives of persons significant in our past." Persons significant in our past are those whose activities have been important to the

What is the period of significance in the National Park Service?

Period of significance: The period of (national) significance is the period when the historic events associated with a proposed National Historic Landmark occurred. This period must reflect the dates associated with the property being nominated.

What is the eligible basis for the historic tax credit?

To qualify for the 20 percent credit, a building must be a certified historic structure (buildings individually listed on the National Register of Historic Places or listed as a contributing building in a National Register or state or local historic district certified by the Secretary of the Interior.

How do federal historic tax credits work?

The federal Historic Preservation Tax Incentives encourage the rehabilitation of historic buildings in the private sector. This program provides historic commercial or income-producing property owners a 20% federal tax credit on Qualified Rehabilitation Expenses (QREs).

What is the Part 1 evaluation of significance?

PART 1 - EVALUATION OF SIGNIFICANCE to request a preliminary determination that a building outside the period or area of significance of a registered historic district contributes to the significance of the district.

For pdfFiller’s FAQs

What is Historic Preservation Certification Application?

The Historic Preservation Certification Application is a form used to apply for certification that a property is a certified historic structure, which can make it eligible for federal and state historic preservation tax incentives.

Who is required to file Historic Preservation Certification Application?

Property owners or developers wishing to participate in historic preservation tax incentives must file the Historic Preservation Certification Application.

How to fill out Historic Preservation Certification Application?

To fill out the Historic Preservation Certification Application, applicants must provide detailed information about the property's history, its significance, the proposed rehabilitation work, and plans to preserve its historical integrity.

What is the purpose of Historic Preservation Certification Application?

The purpose of the Historic Preservation Certification Application is to determine whether a property meets the criteria for historical significance and eligibility for tax credits or other incentives related to its preservation.

What information must be reported on Historic Preservation Certification Application?

The application requires information about the property's historic significance, a description of the proposed rehabilitation work, project timelines, and photographs documenting the property's current condition.