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HISTORIC TAX CREDITS

If you own property in Greater Belhaven, you very well may live in a property on the National Register of Historic Places. Substantial federal and state tax incentives are available for the rehabilitation of these qualifying properties. The State of Mississippi offers a 25% credit for qualified rehabilitation expenses on owner-occupied historic structures. Rehabilitation work has to meet the Secretary of the Interior's Standards for Rehabilitation. 

To keep these credits alive, we encourage you to advocate on their behalf to your State and Federal elected leaders!

FAQ

How do I prepare to apply for Historic Tax Credits?
First, determine whether your property is a qualifying one. Visit the Belhaven Historic District National Registry Form and use Control F to search for your address. If you see your property listed, it is a qualifying property.

Next, ensure your project meets the "Substantial Rehabilitation Test". This means the cost of rehab must exceed the cost of the building (pre- rehab), minus the cost of the land, or half of the cost of the building without the land. Your rehab project must also exceed $5,000. To see an  example of how to apply this calculation to your project, visit the MDAH website.

Then, ensure your rehab work is certified, meaning it is going to be done according to the Secretary of Interior's Standards for Rehabilitation.

Where do I find the application?
All forms needed can be find on the MDAH website under the heading, "Application Forms"

Who can I talk do that has successfully completed an application and received the credit?
If you are interested in connecting with someone who has successfully completed an application and has been awarded credits, email us and we will work to find someone to assist you!


Address:
954 E. Fortification St.
Jackson, MS 39202

Call Us
Office: 601-352-8850

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mail Us
info@greaterbelhaven.com

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