Ohio Historic Preservation Tax Credit Program
Office of Strategic Business Investments
Business Services Division
The application period for Round 18 of the Ohio Historic Preservation Tax Credit program is now open. The application guide and online application are available under ‘Application Information’ to the right. Note that all applicants planning to submit an application must have submitted the Intent to Apply form by February 15, 2017 to be eligible for this round.
Applications and application fees must be submitted no later than 5:00 p.m. on Friday, March 31, 2017.
The Ohio Historic Preservation Tax Credit Program provides a tax credit in order to leverage the private redevelopment of historic buildings. The program is highly competitive and receives applications bi-annually in March and September.
Over the fifteen completed funding rounds, tax credits have been approved for 284 projects to rehabilitate 398 historic buildings in 52 different Ohio communities. The program is projected to leverage nearly $4.4 billion in private redevelopment funding and federal tax credits directly through the rehabilitation projects.
Owners and long-term lessees of historically designated buildings who undertake a rehabilitation project may apply for the Ohio Historic Preservation Tax Credit. A building is eligible if it is individually listed on the National Register of Historic Places; contributes to a National Register Historic District, National Park Service Certified Historic District, or Certified Local Government historic district; or is listed as a local landmark by a Certified Local Government. Properties that will be used as a single-family residence or multi-family residential condominiums are not eligible.
The Ohio Historic Preservation Tax Credit Program provides a state tax credit up to 25 percent of qualified rehabilitation expenditures incurred during a rehabilitation projects. Applicants are eligible for no more than $5 million in tax credits unless approved as a catalytic project. The tax credit can be applied to applicable financial institutions, foreign and domestic insurance premiums or individual income taxes. Applicants that complete their project and receive a tax credit certificate with an effective date prior to June 30, 2017 can apply the tax credit against applicable commercial activity taxes.
Applications are received bi-annually in March and September for the Ohio Historic Preservation Tax Credit. Applicants file a competitive application with the Ohio Development Services Agency and applicable historic rehabilitation documentation with the State Historic Preservation Office. All applicants are required to schedule a pre-application meeting with the State Historic Preservation Office prior to submitting an application.
Round 17 of Ohio Historic Preservation Tax Credit Awards were announced on December 20, 1016, in Xenia, Ohio. The 18 new projects awarded bring the total number of projects supported by the program to 310. These projects are located in 12 communities around the state. Click herefor a list of approved Round 17 projects
Applications are being accepted for the Ohio Historic Preservation Tax Credit Pipeline Initiative. The application form can be downloaded under 'Pipeline Initiative' in the left-hand menu above.
The primary goal of the Pipeline Initiative is to develop a pipeline of properties that are eligible for redevelopment assistance through the Ohio Historic Preservation Tax Credit program. The initiative provides funding and technical assistance to assist in nominating buildings, districts, and areas to the National Register of Historic Places. Funding will be prioritized for projects that create the greatest potential for commercial and multi-family housing redevelopment. Four project types, as defined in the application document, will be eligible for grant funding.
Applications are accepted on an open-cycle and funded on a first-come, first-served basis, based on funding availability. Please see the application document for additional funding determination guidance. Prior to submitting an application, all applicants are required to discuss their project with program staff. Please contact the Lisa Brownell at email@example.com or (614) 298-2000 for more information or to discuss a potential project.