Federal Rehabilitation Tax Credits: The Federal Historic Preservation Tax Credit program offers a 20 percent income tax credit for the rehabilitation of historic, income-producing buildings. For more information, follow this link.
Texas Historic Preservation Tax Credit Program: The state tax credit program offers a 25 percent tax credit for the rehabilitation of historic, income-producing or non-profit use buildings. This credit can be sold, and may be used against Texas Business Franchise Tax OR Texas Insurance Premium Tax.