How does the National Register program encourage the preservation of historic district properties?
National Recognition: National Register listing honors a property by recognizing its importance to its community, the state, or the nation. This recognition increases local awareness of the value of historic properties and can validate and spur preservation efforts. Financial Incentives: Financial incentives for preserving National Register properties include: ◆ 20% Federal Historic Rehabilitation Tax Credit: Owners and some lessees of income-producing buildings listed in the National Register may be eligible for a federal income tax credit equal to 20% of their rehabilitation expenses under the Tax Reform Act of 1986. [Note that this is a tax credit, which is subtracted from the taxes you owe. Also, the credit is transferable which means that it can be sold, though at a market-based discount. See IRS publications including Tax Aspects of Historic Preservation for requirements to qualify for this credit.] ◆ 25% Ohio Historic Preservation Tax Credit: A taxpayer who qualifies for the 20%