The Non-Historic Rehabilitation Tax Credit” An Important but Overlooked Incentive

One of the lesser known rehabilitation tax credits is the 10 percent credit for non-historic buildings. The credit was created with the Tax Reform Act of 1986 at the same time as the 20 percent historic rehabilitation tax credit. Although the program has limited applicability, it is simple in concept and administration and thus can serve as a strong incentive to urban revitalization.