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Tax Incentives

COVID-19 Updates for SHPO

All federal and state tax credit applications should be submitted electronically during Stay Safe MN.  Please contact us for submission information and instruction.

Legislation passed during the 2019 Minnesota legislative session amends the state tax code to conform with federal tax code changes made on December 23rd, 2017 (Minnesota Session Law 2019, 1st Special Session, Chapter 6). One of the programs impacted by these changes is M.S. 290.0681, the Minnesota Historic Structure Rehabilitation State Tax Credit (Historic State Tax Credit). The primary changes to the Minnesota Historic State Tax Credit is that the credits must now be claimed over a 5-year period, rather than as a single pay-out.Review the amended language here . ​Projects should contact their tax professional to discuss how this specifically affects their project.

Federal Investment Tax Credits

Federal tax credits are available for qualifying projects to encourage the preservation of historic buildings.

Minnesota Historic Structure Rehabilitation Tax Credit

The Minnesota Historic Structure Rehabilitation Tax Credit offers a 20% state tax credit for qualified historic rehabilitations, and parallels the existing federal rehabilitation tax credit.

Other Financial Incentives

There are a variety of public and private assistance and programs meant to encourage the preservation of historic preservation.

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