Federal Rehabilitation Investment Tax Credits (RITC)
The Federal Rehabilitation Investment Tax Credit offers a 20% tax credit for rehabilitating income-producing historic buildings in Vermont while preserving their historic character.
Funder: Vermont Agency of Commerce and Community Development
Due Dates: Rolling (Applications accepted year-round)
Funding Amounts: 20% federal income tax credit on qualified rehabilitation expenses; no explicit maximum.
Summary: Provides a 20% federal tax credit for the rehabilitation of income-producing historic buildings in Vermont.
Key Information: Applications must be submitted electronically and meet federal preservation standards.
Description
The Federal Rehabilitation Investment Tax Credit (RITC) program offers a 20% federal income tax credit for the substantial rehabilitation of income-producing historic buildings. Administered by the National Park Service in partnership with State Historic Preservation Offices (SHPOs), this program is designed to encourage private investment, support job creation, and revitalize communities through the preservation and adaptive reuse of historic structures. Eligible projects include a range of property types, from small-scale renovations to large downtown redevelopments, provided they maintain the historic character of the building and comply with strict preservation standards.
