Tennessee Preservation Trust

National Preservation Topics:

Federal Historic Tax Credit

In the last 30 years, the federal historic tax credit has revitalized communities and created 2.2 million jobs through the rehabilitation of more than 38,000 historic buildings. From 2001-2011, $81.9 million in federal tax credits catalyzed 132 projects in Tennessee, totaling $409.4 million in qualifying rehabilitation expenditures. This activity has or will generate: 7,710 jobs. $343.1 million in Gross State Product. $17.4 million in state and local taxes. $76.5 million in federal taxes—offsetting the cost of Tennessee’s share of the federal tax credits.

The Historic Tax Credit is a Smart Investment. Over the past 32 years, the federal historic tax credit has helped generate more than $22.3 billion, while only costing the Treasury $17.5 billion—more than paying for itself.

These project lists depict Federal Historic Tax Credit projects that received Part 3 certifications from the National Park Service (NPS) between the years 2001–2012.

Additional Information:

Historic Tax Credits on PreservationNation

Guide to Historic Tax Credits

Historic Preservation Fund

The Historic Preservation Fund is distributed by formula to State Historic Preservation Offices (SHPO) and provides essential funding for implementing the nation’s historic preservation programs, including administering the federal historic tax credit program, reviewing the National Register of Historic Places nominations, and conducting Section 106 reviews.

HPF has also funds competitive grants for on-the-ground preservation projects. To date, the Tennessee Historical Commission (Tennessee’s SHPO) has received $28.7 million in HPF grants and an allocation of $850,118 in FY12.