State Historic Rehabilitation Tax Credit
The State Historic Rehabilitation Tax Credit (SHRTC) is fully funded. The $50 million program will be administered by the Office of Historic Preservation (OHP) and the California Tax Credit Allocation Committee (CTCAC).
Governor Gavin Newsom signed SB451, the state historic tax credit bill, into law on October 9, 2019. Senate President pro Tempore Toni Atkins authored the bill with sponsorship from the California Preservation Foundation and the American Institute of Architects California Council. California joins more than 35 states that have passed historic tax credit bills, providing incentives for investment in local economies and the rehabilitation of historic buildings that reflect the character of communities.
Implementation
The OHP has developed instructions, guidelines, and application forms. The latest public comment period has closed and responses have been made. The rulemaking package is now in review at the Office of Administrative Law prior to program launch in 2024. The rulemaking package is available upon request and available for download below.
To stay apprised of updates as well as more specific information about the program as it becomes available, check this webpage and/or sign up for the OHP email list.
Table of Contents
Originally Proposed Regulation Text
Addendum to Initial Statement of Reasons
Statements of Text Availability
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Updated Informative Digest
Final Statement of Reasons
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Final Regulation Text
The Originally Proposed Regulation Text and the Final Regulation Text include the Regulations, the Instructions v. 5/24, and the Applications v. 5/24.
The rulemaking package is available for public view while the program is under review.
Resources
National Trust for Historic Preservation:
- State Historic Tax Credit Nationwide Data Center
- State Historic Tax Credit Resource Guide
- Report: State Historic Tax Credits: Opportunities for Affordable Housing and Sustainability