Historic Preservation Tax Credit - Large Projects
Economic Development Authority
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- Posted
- Jan 20, 2026
- Closes
- Sep 16, 2026 (in 53 days)
Amount
Amount not published by the funder
Who can apply
The process for applying for Historic Preservation Tax Credits is a 3-part application process. Applicants MUST have Part 1 AND Part 2 applications approved by the State Historic Preservation Office prior to applying for tax credits through Iowagrants.gov. More information on the 3-part process can be found on IEDA's Historic Preservation Tax Credit page under “How Do I Apply?” Only an eligible taxpayer may apply for tax credits under this program. An eligible taxpayer is defined as the fee simple owner of the property or someone having a long-term lease, which meets the requirements of the federal historic rehabilitation credit. Units of government (cities/ counties) are not eligible to apply for credits. Project buildings must be historically significant for the project to qualify for ta...
About this opportunity
The Historic Preservation Tax Credit program provides State tax credits to developers who sensitively rehabilitate historic buildings to offer them new life. Iowa offers this tax credit program to ensure character-defining features and spaces of buildings are retained to help create distinct and vibrant communities. Approved projects may receive a state income tax credit of up to 25% of the project’s qualified rehabilitation expenses (QREs). QREs are defined as expenses allowed under Section 47 of the federal Internal Revenue Code. Generally, QREs include project expenditures related to structural components of the building and some soft costs charged to a capital account. Tax credits may be carried forward for 5 years, or until depleted. Tax credits are transferable and refundable. For FY...