Tax Credit Webinar Invitation: Michigan State Historic Preservation Tax Credit program

Michigan Economic Development Corporation sent this bulletin at 09/13/2023 07:00 PM EDT

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September 13, 2023

Note: You are receiving this message because you have previously signed up for email updates from the State Historic Preservation Office. If colleagues, friends or family members may be interested in learning more about the tax credit program and upcoming webinar, simply forward this email directly to them. Anyone can add their contact information to the SHPO E-news list by registering at this link.

Join us for an informational webinar on the Michigan State Historic Preservation Tax Credit program!

Is the property you own located in a historic district in Michigan? Are you planning to do major repair/rehabilitation work in the near future? If the answers are ‘yes,’ you may be eligible to apply for the State Historic Tax Credit! This historic preservation incentive can provide up to a 25% credit against qualified expenses when the work done is in compliance with national preservation standards.

Applying for the State Historic Tax Credit is a multi-step process comprised of three parts. Part 2 of the application must be received by November 30, 2023 to be considered for 2023 tax credit allocation, so we encourage applicants to complete and submit their Part 1 materials today to begin the process. The application period may close sooner than November 30 if enough applications are received to meet the annual program cap.

Applications for the 2023 State Historic Tax Credit are now being accepted in the following categories:

Owner occupied residential projects
Small commercial projects (up to $2 million in Qualified Rehabilitation Expenses)

Attend the Webinar: Tuesday, September 19, 2023: 12:00noon-1:00pm

SHPO staff will present a live webinar to give an overview of the State Historic Tax Credit program for owner-occupied residential applicants. The webinar is free to attend, but registration is required. Click the link below to register for the webinar.

State Historic Tax Credit Webinar Registration

Learn more about the Program and begin your Application:

We strongly recommend that potential applicants attend the September 19 webinar. However, at any time you may check the current availability of the tax credit program, review program parameters, find frequently asked questions, and start your application at the State Historic Preservation Tax Credit webpage.

About the State Historic Preservation Office

Focused on the historic preservation of culturally or archaeologically significant sites throughout the state, Michigan's State Historic Preservation Office’s main function is to provide technical assistance to local communities and property owners in their efforts to identify, evaluate, designate, interpret and protect Michigan’s historic above- and below-ground resources. SHPO also administers an incentives program that includes federal and state tax credits and pass-through grants available to certified local governments.