Page 61 - Plano, TX Heritage Preservation Plan

EXTERNAL TAX INCENTIVE PROGRAMS

Additional tax incentives are offered at the county, state, and national levels for designated historic resources.

Collin County Historical
Property Tax Abatement Texas Historic Preservation Federal Rehabilitation Tax
Credit Program
Tax Credit Program
Program
Either Provides Funding Up To Approximately
50% OR 25% 1,200

100%

Tax Exemption, Depending on Use Of Rehabilitation Costs Projects Funded Each Year
of Structure

A Collin County Historical A Available for buildings listed A 20% income tax credit
Commission accepts in the National Register of available for income-
applications, inspects Historic Places, the Recorded producing certified historic
properties to determine Texas Landmarks, and the properties
eligibility, and recommends Texas State Antiquities
which properties should be Landmarks A Rehabilitation work must
approved follow the Secretary of
A Funding provided for up to the Interior’s Standards for
A Properties may only qualify 25% of rehabilitation costs Rehabilitation
once
A http://www.thc.texas.gov/projects- A https://www.nps.gov/tax-incentives
A http://www.collincountytx.gov/ and-programs
historical_commission/

The Collin County Property Tax Abatement Program webpage, which
includes the forms on how to apply for the program.

The Texas Historical Commission website provides highlights from the
projects that have received Texas Historic Preservation Tax Credit funds.

NOVEMBER 2018 chapter 4: preservation in plano 61