Federal and state tax laws provide tax incentives for historic preservation projects that follow the Secretary of the Interior’s Standards for Rehabilitation. These credits allow taxpayers to reduce, on a dollar-for-dollar basis, the amount of income tax they owe to the government. These credits that are designed to encourage the renovation and re-use of older buildings.
There are 2 types of tax credits available: a 20% - 30% State Income Tax Credit (STC) and a 20% Federal Income Tax Credit. For more information, visit: https://www.historycolorado.org/preservation-tax-credit-fact-sheet