Tennessee is one of only ELEVEN states that does not have State Historic Preservation Tax Incentive.
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Resources
Old buildings can offer opportunities for a community’s future. View case studies and articles on the importance of saving historic buildings.
Media
Providing incentives to save historic buildings in Tennessee can create jobs, increase property value, attract investments, and create affordable housing.
To spur more private investment in older neighborhoods, 39 states have put in place credits against state taxes to provide incentives for the appropriate rehabilitation of historic buildings. Tennessee is NOT one of them.
“Our historic tax credits have made the preservation of older buildings not only a matter of respect for beauty and history, but of course for economic good sense.” President Ronald Reagan, Sept. 14, 1984, National Conference of Revitalization of America’s Towns.