Federal Tax Credits | CO State Historical Fund | CO State Tax Credits | Design Assistance Program | 0% Interest Loans | Easements | Sales & Donations
1. Federal Tax Credits - Application 1411 can be found on the Colorado Historical Society Office of Archaeology & Preservation website.
- 20% tax credit for the substantial rehabilitation of qualifying income-producing properties, including rentals
- 10% tax credit for the substantial rehabilitation of non-qualifying, non-residential properties
- Additional 20% tax credit from the State
2. Colorado State Historical Fund - Applications can be found on the Colorado Historical Society Office of Archaeology & Preservation website.
Projects which involve the stabilization, restoration, rehabilitation, reconstruction, or the acquisition of a designated property or site; need to show public benefit.
- Grants of any amount, up to $30,000 or more
- Project can receive more than one grant
3. Colorado State Tax Credits for Preservation - Application 1322c can be found on the Colorado Historical Society Office of Archaeology & Preservation website.
- Includes both interior and exterior work
- 20% credit of rehabilitation costs per qualified property
- Credit reduces (dollar for dollar) income taxes owed the State
- Available credit can be carried forward 10 years
- Rehabilitation cost must be at least $5,000 each time you apply
4. Design Assistance Program - See application on the Application Download page.
- Exterior work only
- Up to $900 for assistance from architects, structural engineers or other design professionals with preservation expertise
- All work requires review and approval from the Landmark Preservation Commission
5. Zero% Interest Loan for Landmark Rehabilitation - See application on the Application Download page.
- Exterior work only
- Up to $5,000; a one-one match
- Loans are paid back at sale of property
- Application deadline in January, loans are awarded in March
6. Historic Preservation Easements
- A charitable contribution deduction is allowed for the donation of a historic preservation easement to a preservation organization
- Easements may include building facades, interiors, and/or development restrictions on adjoining land
- Value is the difference between fair market value of the property before the easement and the fair market value after the granting of the easement
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7. Bargain Sales and Donations
- A charitable deduction is allowed for sale of property to a nonprofit organization at less than the appraised value, or for an outright donation
- The value of the tax deduction is the difference between the appraised value and the sale price
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