The Governor’s office worked with the State Historic Preservation Office, Iowa Department of Revenue, the Iowa Legislature and Governor-appointed stakeholders to develop program improvements, including:
Since the program began in 2001, the state has invested $177 million in historic preservation tax credits, which have been the catalyst behind the rehabilitation of 283 historic buildings and the revitalization of 64 communities across Iowa. That investment has leveraged and attracted $890 million in investments, including $800 million for rehabilitation activities and an additional $90 million in related new construction. The new legislation will bring more predictability to this already-successful program.
The first registration period for projects over $750,000 will be open from January 26 to February 6, 2015.
Starting June 30, 2014, you can schedule a mandatory Part 2 Pre-Application meeting with our on-line scheduling software.
Effective July1, 2014 potential program applicants must schedule and attend a Pre-Application Meeting prior to submitting a Part 2 Conditions & Treatment Application. Please use the on-line scheduler provided to arrange for your SHPO Pre-App Meeting.
Note: Administrative Rules effective July 9, 2013: Historic Preservation and CED Tax Credits are applicable only to projects that received a HPCED Tax Credit Reservation prior to July 1, 2014.
The State Historic Preservation and Cultural & Entertainment District Tax Credit Program provides a state income tax credit for the sensitive rehabilitation of historic buildings. It ensures character-defining features and spaces of buildings are retained and helps revitalize surrounding neighborhoods. The Program provides an income tax credit of 25% of qualified rehabilitation costs.
Another 20% is available if the property is income-producing and qualifies for the Federal Rehabilitation Investment Tax. A separate application is required.
Several types of properties are eligible for the state tax credit:
Program eligibility depends on the type of building, the assessed value of the building and the amount of rehabilitation proposed:
As with other State Historical Society of Iowa incentive programs, the work must meet the Secretary of the Interior’s Standards for Rehabilitation and Guidelines for Rehabilitating Historic Buildings.
View the National Register of Historic Places listing to find out a building’s National Register status or for information about how to nominate a property to the register.
Preservation Program Manager
Department of Cultural Affairs
State Historic Preservation Office 600 E. Locust Street
Des Moines, IA 50319-0290