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Eligible Properties

Owners of historically significant commercial buildings may earn up to $1 million per year in Colorado income tax credits for restoration work on their buildings.  To qualify the building must be listed on the National or State Register of Historic Places, listed as a Historic Landmark by a Certified Local Government (CLG), or designated as a “contributing structure” in a historic district.

Tax Credit Basics

The 2014 credit for commercial properties has a limited availability; each year the state sets aside funding ($5 million in 2017-2019) for this credit, but when the funding is exhausted no further credits can be given during that State Fiscal Year (July 1- June 30).

The Colorado Job Creation and Main Street Revitalization Act of 2014 offers a higher return on expenditures (up to 30%), a higher per-project credit cap on commercial properties (up to $1 million in tax credits) and greater flexibility (tax credits for income-producing properties can be sold to other taxpayers without penalty).

Eligible Projects

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We hope you will extend your appreciation for Colorado's past into an investment in its future by making a tax-deductible gift today.

Featured Project

Preservation for a Changing Colorado

The 2017 update, Preservation for a Changing Colorado, resulted from a partnership between Colorado Preservation and History Colorado and Colorado Preservation, Inc. Prepared by Clarion Associates, the new report and accompanying website document the economic benefits of rehabilitation projects, analyzes property values and neighborhood stability in local historic districts, and summarizes the increasing impact of heritage tourism, private preservation development and the success of Colorado’s Main Street program. In a key finding, researchers found that for every $1 million spent on historic preservation in Colorado leads to $1.03 million in additional spending, 14 new jobs, and $636,700 in increased household incomes across the state! The 2017 report also considers the important role preservation plays in helping Coloradans provide new spaces for creative communities and co-working, create and sustain meaningful places, respond to the state’s changing demographics, and address climate concerns. Click Here to see the full report, "Preservation for a Changing Colorado".

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