Colorado offers an income tax credit to Colorado residents for the preservation and rehabilitation of qualified historic properties.
ELIGIBILITY
Eligible Properties• Over 50 years old,
AND
• Historically designated by:
State Register of Historic Places, OR
Landmarked by a Certified Local Government (CLG)*
-Individually designated historic landmark or
-Contributing property in a Historic District (non-contributing properties are not elibible for tax credits)
Eligible Taxpayers
• Property owner, or
• tenant with lease of 5 or more years
Eligible Projects
• Project must involve physical preservation, restoration or rehabilitation and must preserve the historic character of the property.
• Projects must meet certain historic preservation standards (the Secretary of Interior’s Standards for Rehabilitation).
• Rehabilitation costs must be over $5,000.
• Projects must be completed within 24 months (one extension of time may be applied for)
• Projects are strongly encouraged to receive approval prior to beginning work to ensure that all work meets the Secretary of the Interior’s Standards for Rehabilitation.