HR 999 can be read on-line at thomas.loc.gov . Check local listings for times. The federal government offers two historic preservation tax credits that stimulate economic reinvestments in income-producing properties. The credits can be applied to almost every cost associated with the rehabilitation and adaptive reuse of a qualifying property, including energy retrofits that respect a building's essential integrity and architectural features. Only one credit may be applied to any building.
Planning is the key in determining which buildings qualify.
Every state has a State Historic Preservation Office that can explain these credits and the process necessary to claim them. The State of California prides itself in its modern prosperity and gives credit, in large part, to the legacy left from the last generation of Californians. Today, California finds itself in need of billions of dollars of new capital investments in its public works, despite its modern prosperity. The California Business Roundtable issued a report recently that challenges Californians to make the investment that will leave a legacy to next generation similar to the one valued from the last. The report, Building a Legacy for the Next Generation, addresses state needs, resources and innovations.