Glossary

glossary

rehabilitation tax credit: Preservation-focused tax incentive programs exist at the federal, state, and local levels. They provide financial benefits to building owners who might otherwise feel burdened by preservation projects. Since it was enacted in 1976, the credit has been widely used as an effective tool for transforming vacant and underutilized buildings into safe, decent, and—in many cases—affordable places to live and do business. (preservationnation.org)