Owners of historic buildings are eligible for tax credits under state and federal programs for historic properties. Credits are based on qualified expenditures on historic properties, and are direct credits to your state and/or federal income tax obligation.
Archetype can manage the application, approval, compliance, and inspection processes that are required by the residential and commercial tax credit programs.
Historic homes – 25%
The State of Wisconsin offers an income tax credit equal to 25% of qualified expenses on homes that are listed in or eligible for the National Register of Historic Places.
Historic Commercial Buildings – 40%
Historic commercial buildings in Wisconsin may be eligible for a combination of tax credits totaling 40% of expenditures on qualifying rehabilitation projects. A federal credit provides 20% income tax credit, and the state of Wisconsin offers an additional 20% credit.