State

State historic tax credits offer up to a 20% tax credit for qualified remediation expenses (QRE’s). In order to be eligible to receive the state tax credit, the property must be listed on the National Register, be eligible for listing on the National Register, or be part of a Historic District.

At the Cherrytree Group we specialize in state and federal tax credits throughout the country with a local focus on New England Historic Tax Credits.

Plymouth Post Office building with brick facade, columns and clock tower fuller restored with help of federal tax credits
Large historic building rehabilitated with tax credits

Federal

The federal historic rehabilitation tax credit amounts to 20% of Qualified Remediation Expenses (QREs) for eligible properties.  In order for the property to be eligible, the building must be an income producing property that is listed on the National Register, part of a Historic District, or eligible for listing on the National Register.

Common QREs

  • Walls

  • Partitions

  • Doors

  • Floors

  • Ceilings

  • Windows

  • Stairs

  • Chimneys

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