Economic Incentives

The Historic Preservation Division offers financial assistance through tax incentives and grants.

Two federal tax incentive programs currently apply to preservation activities: the Rehabilitation Investment Tax Credit (RITC) program, and the charitable contribution deduction.   Historic residential and commercial properties are eligible to participate in both programs.  The property must be a "certified structure," which means it must be listed in the National/Georgia Register(s) of Historic Places.  The Historic Preservation Division must certify the rehabilitation.

There are also two state tax incentive programs.  The Georgia Preferential Property Tax Assessment Program for Rehabilitated Historic Property allows eligible participants to apply for an 8-year property tax assessment freeze.  The Georgia State Income Tax Credit Program for Rehabilitated Historic Property allows eligible participants to apply for a state income tax credit equaling 25% of qualifying rehabilitation expenses capped at $100,000 for personal, residential properties, and $300,000 for income-producing properties

The Georgia Heritage Grant Program offers matching funds on a statewide competitive basis to local governments and nonprofit organizations (except for churches and other religious organizations) for the preservation of Georgia Register and National Register-eligible historic properties.  The program provides matching grants for development and predevelopment projects.  Program funding is provided by historic preservation license plate fees.

The federal Historic Preservation Fund grant provides pass-through grant funding to Certified Local Governments.  Eligible survey and planning activities include surveys, National Register nominations, design guidelines, brochures, web site development, heritage education materials, workshops/conferences, etc. Eligible predevelopment projects include activities such as historic structure reports, preservation plans, or architectural drawings and specifications. 

Other funding sources - list updated December 2013