Tax Credits

Tax credits provide a key tool for the rehabilitation of historic properties -- both income-producing and non income-producing. For more information on the programs, please visit the links below:

Tax Credit Basics
Where to Start

State Tax Credit

Please contact the Internal Revenue Service or the Kansas Department of Revenue with any questions related to taxation. Consult a tax professional before applying for, claiming, or selling state or federal rehabilitation tax credits. Certain laws may limit your ability to claim the credits and other tax implications may apply. Beginning January 1, 2007 taxpayers wishing to claim insurance proceeds used in a certified rehabilitation as qualifying expenses for purposes of the tax credits, must claim those insurance proceeds as income on their income tax returns. If a taxpayer does not report the insurance proceeds as income, any expenditures made to the qualified historic structure with the insurance proceeds will not be used to compute the state or federal historic rehabilitation tax credit.