Delaware State Historic Preservation Office

Department of State : Division of Historical and Cultural Affairs

Delaware's Tax Credit Program

Go directly to downloadable forms and instructions.
Interested in Federal Historic Preservation Tax Incentives? More information...

Wilmington YMCA, 501 W 11th Street, Wilmington, October 2001

Overview

Delaware's Historic Preservation Tax Credit Program assists in preserving and rehabilitating historic buildings throughout Delaware Enacted in 2001, $30 million in tax credits are available for ten years, with $3 million allocated each year. Since its inception, the program has proven highly successful, generating over $79 million in private investment to rehabilitate twenty-five historic buildings.

Amount of Credits

The amount of the tax credit is equal to a percentage of the cost of the rehabilitation:

20% for income-producing buildings
30 % for owner-occupied, residential buildings
additional 10% for low-income housing projects

Credits can be transferred, sold or assigned to anyone with Delaware income tax or franchise tax liability.

Crouch House, 317 S. Governor's Avenue, Dover, October 2002

Last Updated: Tuesday, 25-Apr-2006 17:21:00 EDT