Posted by: wadahp | October 22, 2009

NEW NPS TAX INCENTIVE BROCHURE AVAILABLE

The Department of Archaeology and Historic Preservation has recently received the  new federal 2009 Historic Preservation Tax Incentive (Investment Tax Credit) Brochures.  Text in the brochure reflects recent changes in the Internal Revenue Code. The most important of these is the fact that the alternative minimum tax no longer applies to qualified rehabilitation expenditures “properly taken into account for periods after December 31, 2007” (page 20). It notes that Congress periodically raises the credit amounts in areas (such as New Orleans) affected by natural disasters (page 3). It also provides more detailed information on requirements faced by prospective preservation easement donors (page 22). A number of other changes attempt to bring greater clarity to the tax incentive program requirements. Text of the new brochure is available online at www.nps.gov/history/hps/tps/tax/brochure1.htm#PTI, but DAHP will also mail the brochure on request  — contact Zee Hill at 360.586.3077 or  Stephen Mathison at 360.586.3079 for a copy of the brochure.

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