What is the Colorado Historic Preservation Income Tax Credit?

Article ID: 34707  

Question
What is the Colorado Historic Preservation Income Tax Credit?

Answer

Colorado offers an income tax credit to Colorado resident individuals and C corporations for the preservation and rehabilitation of a qualified historic property. The structure must be at least 50 years old, and must be:

a) designated individually or as a contributing property in the State Register of Historic Places;

b) designated as a landmark by a certified local government; or

c) designated as a contributing property in a designated historic district of a certified local government. If the property on which a taxpayer wants to claim this credit has none of these designations, the taxpayer must apply for and secure such a designation. [§39-22-514, C.R.S.]

https://www.colorado.gov/pacific/sites/default/files/Income1.pdf


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Views: 739 Created on: Jun 15, 2013