History is a large part of the character of Ypsilanti. These tax credit opportunities encourage owners to protect and restore the historic landscape of the area. Through a combination of Federal and State programs, up to a 25% tax credit can be earned. Approval by the Historic District commission for a project does not signify qualification for tax credits. The work must first be approved at the state and federal level for credits. Please see the table below for an explanation of the State and Federal tax credits.
Historic Preservation Tax Credits Workshop
Materials
Materials from the Historic Rehab Tax Credits 101 Workshop are listed on the right of this page. The list gives you access to the Historic Preservation Certification Application and other important materials. To read about the legislation that allows for these tax credits, follow one of the links below.
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State Historic Preservation Tax Credits |
Federal Historic Preservation Tax Credits |
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Michigan resource owners and long-term lessees who undertake a qualified rehabilitation project of certain resources may be eligible for up to 25% of qualified rehabilitation expenditures. Homeowners, commercial property owners, and business owners are all eligible for this tax incentive. This process requires that the property owner first apply for the federal historic preservation tax credit. If the federal credit is received, the amount of the state credit will reduce the amount of the federal credit. The combination of the two credits cannot exceed 25%. |
Owners of properties that are eligible for, or already on the National Register of Historic Places or properties that are located within Ypsilanti’s Historic District are eligible for a 20% rehabilitation tax credit (only for commercial, industrial, agricultural, or rental residential purposes – not owner occupied). Property owners can check property status in the database located on the National Parks Service website: http://www.nps.gov/history/nr. A 10% rehabilitation tax credit is available for non-historic structures built before 1936. The building must be rehabilitated for non-residential uses. |
| For more information contact Bryan Lijewski at the State Historic Preservation Office at lijewskib@michigan.gov . | For more information contact Robbert McKay at the State Historic Preservation Office at mckayr@michigan.gov. |
