How to Use This Tool
The historic rehabilitation tax credit (20%) is available for buildings listed on the National Register of Historic Places which, after renovation, are used for commercial or residential use.

The non-historic tax credit (10%) is available for any pre-1936 building that is not listed on the National Register and is being used for commercial but not residential rental purposes.

The work does not have to be reviewed for the 10% credit. Any work on the interior or the exterior of the building which meets the Secretary of the Interior's Standards for Rehabilitation qualifies for the tax credit. The work on an historic building must be certified by the National Park Service. This is done by completing a three-part application and submitting it to the National Park Service along with "before" and "after" photographs showing all work areas (both interior and exterior).

Limitations
Landscaping or new additions to the building do not qualify. The rehabilitation expenditures must exceed the greater of either the "adjusted basis" of the building or $5,000. "Adjusted basis" is the purchase price minus the value of the land minus any depreciation already taken by the current owner of the building plus any capital improvements. A building must be kept at least five years in order to avoid any recapture of the tax credit by the federal government. The recapture amount ranges from 100% of the tax credit if the building is sold within the first year to 20% of the credit if it is sold within the fifth year.

Examples
Rio Grande Hotel now used as Single Room Occupancy Residences
428 W. 300 S.
Salt Lake City, Utah 84101

Mechanical Arts Building now used as an Architects Office
1167 Woodside
Park City, Utah

Contacts
Division of State History
Nelson Knight
Office of Preservation
300 Rio Grande
Salt Lake City, Utah 84101-1182
Phone: 801-533-3562
Fax: 801-533-3503
Email: NWKNIGHT@utah.gov