Historic Tax Credit programs encourage investments in the rehabilitation and re-use of historic buildings. As a city full of historic homes, Atchison provides many opportunities for individuals to take advantages of these state and federal programs.
Federal Historic Preservation Tax Credits: 20%
A 20% Federal Tax Credit is available for approved and certified restoration projects on historic structures. Prior approval is required. Historic renovation projects must be comprehensive, and must also meet several thresholds of completeness. Credits are not issued for partial restorations, or for routine maintenance.
State Historic Tax Credits: 25%
The Kansas historic program provides a tax credit equal to 25 percent of qualified expenditures on income-producing or non income-producing properties. The total amount of the expenditures must equal $5,000 or more. Projects must meet the Secretary of the Interior’s Standards for Rehabilitation.