The federal government offers a 20% tax credit for rehabilitations of qualified historic structures that meet the Secretary of the Interior's Standards for Rehabilitation. The state of Louisiana offers a similar 25% commercial tax credit, which can be combined with federal credits to make the economics work for many small- and large-scale development projects that otherwise might not get off the ground. Clio Associates has targeted training in the tax credit application process and has worked on projects ranging from double shotgun rentals to large-scale adaptive reuses of warehouses, banks, and factories.
HISTORIC REHABILITATION TAX CREDITS
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